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Saba Software, Inc. (SABA) Message Board

  • rjr_369 rjr_369 Nov 24, 2010 2:00 PM Flag

    Line of Credit?

    Any ideas what this is for?

    Saba Software, Inc., a Delaware corporation (the "Company"), entered into a Credit Agreement (the "Agreement"), dated as of November 22, 2010, with Wells Fargo Bank, National Association (the "Bank") and the Company's wholly-owned subsidiary, Saba Software International, Inc. The Agreement provides for a one year $10 million line of credit. The Agreement also includes a sublimit of up to $4,000,000 for letters of credit.

13.75+0.0500(+0.36%)Nov 25 3:58 PMEST

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