JMBM negotiated the successful completion of a $100 million credit facility increase

JMBM represented Wells Fargo Foothill, part of Wells Fargo & Co., in the arrangement of a new two-year asset-backed credit facility for Silicon Graphics, Inc. Ableco Finance LLC was also involved in the agreement. The new facility increases SGI’s credit line to $100 million, consisting of a $50 million revolving line of credit and a $50 million term loan. The credit facility will allow the company to borrow cash and obtain letters of credit.