Tuesday, September 25, 2007

RF Monolithics Extends Credit Facility

RF Monolithics Inc., a provider of low-power wireless networks and software, reported Tuesday that its existing credit facility with Wells Fargo Bank, N.A., has been updated and extended by $2 million to a total of $17 million. RF Monolithics explained that the three-year credit facility with Wells Fargo, a division of Wells Fargo & Co., comprises a term note and a revolving note. Headquartered in Dallas, RF Monolithics offers various wireless solutions, from industrial wireless sensor networks to enterprise asset management software.