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Cyber firms secures $5M credit facility

Irvine Sensors Corporation, called ISC8, says it has drawn down the entire $5 million available under the facility and has used nearly $2 million to pay off its...

Federal News Network Staff

December 16, 2011 10:50 am

< a min read

A cybersecurity firm based in California has just secured a two-year, $5 million revolving credit facility, Sacramento Bee reports.

Irvine Sensors Corporation, called ISC8, says it has drawn down the entire $5 million available under the facility and has used nearly $2 million to pay off its debts.

The rest of the money will help it beef up its working capital. This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.