Revolution Lighting Amends Loan and Security Agreement
STAMFORD, Conn., May 01, 2019 (GLOBE NEWSWIRE) -- Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting” or the “Company”), a global provider of advanced LED lighting solutions, announced that on April 30, 2019 the Company entered into an Amendment to Forbearance Agreement and Sixteenth Amendment to its loan and security agreement with Bank of America. The Amendment extends the previously disclosed forbearance period through July 31, 2019. A copy of the Sixteenth Amendment and a description of its material terms will be filed with the SEC on Form 8-K in the coming days.
"We appreciate the continued support of Bank of America and their continued willingness to work with us." said Robert V. LaPenta, Chairman, CEO and President, Revolution Lighting Technologies. “The company is making progress in its business operations, and we look forward to a long and successful partnership with Bank of America.”
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced LED technologies, Revolution Lighting has created an innovative lighting company that offers a comprehensive advanced product platform of high-quality interior and exterior LED lamps and fixtures, including signage and control systems. Revolution Lighting is uniquely positioned to act as an expert partner, offering full service lighting solutions through our operating divisions including Energy Source, Multi-Family and Tri-State LED to transform lighting into a source of superior energy savings, quality light and well-being. Revolution Lighting Technologies markets and distributes its products through a network of regional and national independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the Nasdaq Capital Market under the ticker RVLT. For more information, please visit rvlti.com and connect with the Company on Twitter, LinkedIn and Facebook.
RVLT Investor Relations Contact:
Amato and Partners, LLC Investor
Source: Revolution Lighting Technologies, Inc.
Released May 1, 2019