DTS Amends Credit Pact on Buy of iBiquity IP Rights
DTS said it amended a credit agreement with Wells Fargo and others for a term loan and revolving line of credit to buy intellectual property rights from iBiquity (see 1509020039). The amendment permits the transaction and requires DTS to prepay…
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the term loan in installments of $10 million by July 15, $5 million by Sept. 30 and $5 million by Dec. 30, it said in an SEC filing Thursday.