Date: 27/08/2009

Ramtron secures $6 million credit from Silicon Valley Bank

FRAM innovator Ramtron has entered into a secured $6-million revolving line of credit with Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares. The new credit facility replaces Ramtron's existing $4-million line and will provide additional capital to support Ramtron's working capital requirements. The new line of credit matures in August of 2011.
Ramtron is adding new capabilities to it's FRAM integrated MCU line and also separately available FRAM chips.