SkyWater Technology Enhances Financial Flexibility with Amended Loan and Security Agreement
Summary
The amended facility includes a new $25 million capital expenditure (CapEx) sublimit, enabling access to additional financing for eligible new equipment investments. "We are pleased to strengthen our partnership with Siena Lending Group and GRC SPV Investments," said SkyWater Chief Financial Officer, Steve Manko. "The amendment also introduces enhanced flexibility for CapEx-related borrowings and includes a new definition of EBITDA, allowing for certain adjustments that better align with SkyWaters operational objectives. For more information, visit: www.skywatertechnology.com.This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Companys expectations with respect to future performance and development and commercialization of products and services, its anticipated cash runway and its financial guidance for the full year 2024.