NAS gets loan extension

Radiation therapy firm North American Scientific (NAS) announced that it has received a loan extension from Silicon Valley Bank.

The amended loan includes an extended maturity date to November 9, 2007; a forbearance by the bank from exercising its rights against the company for defaults under the loan agreement; and a consent to an increase in NAS's subordinated debt facility with Agility Capital from $750,000 to $1 million.

By staff writers
October 5, 2007

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NAS completes sale of Nomos unit, September 19, 2007

Copyright © 2007

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