RMG Networks Blog

Increases Senior Credit Facility to $14 Million; Adds Approximately $2 Million in Net Cash Proceeds

DALLAS, TX — (Marketwired) — 11/14/14 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced it has successfully increased the size of its Senior Credit Facility from $12 million to $14 million adding approximately $2 million in net cash proceeds to the Company’s balance sheet. All other terms of the Senior Credit Facility remained the same.

Gregory H. Sachs, Executive Chairman of RMG Networks, commented, “The net proceeds from this amendment will provide the Company with increased liquidity and flexibility in support of its ongoing efforts to grow revenues and generate EBITDA. The additional capital reaffirms the lending group’s belief of the Company’s long-term prospects and its continued support of management’s strategic growth plan.”

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