Tech Industry

Short Take: Iomega gets $200 million in credit

Iomega will have $200 million at its disposal after entering a senior credit facility with 17 financial instututions. Iomega entered the revolving line of credit for a three year term. The company will use the money for general corporate purposes.

Iomega will have $200 million at its disposal after entering a senior credit facility with 17 financial instututions. Iomega entered the revolving line of credit for a three year term. The company will use the money for general corporate purposes.