Oct 5 (Reuters) - A123 Systems Inc:
* Entered into a loan modification agreement with Silicon Valley Bank and Gold
Hill Venture Lending 03, L.P.
* Loan modification extends maturity date of revolving line of credit from
September 24, 2010 to December 23, 2010
* Says amount under line of credit to be equal to lesser of $8 million or
aggregate of 80% of certain eligible accounts
* Says amount also includes $4,000,000, less certain other amounts as detailed
in the loan modification- SEC filing
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Entered into a loan modification agreement with Silicon Valley Bank and Gold
Hill Venture Lending 03, L.P.
* Loan modification extends maturity date of revolving line of credit from
September 24, 2010 to December 23, 2010
* Says amount under line of credit to be equal to lesser of $8 million or
aggregate of 80% of certain eligible accounts
* Says amount also includes $4,000,000, less certain other amounts as detailed
in the loan modification- SEC filing
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.