SVB exposure | RBBN Message Board Posts

Ribbon Communications Inc.

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Msg  6855 of 6895  at  3/13/2023 1:34:03 PM  by


 In response to msg 6854 by  case379
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Re: SVB exposure

SVB was one of the lenders under the Company's Senior Secured Credit Facilities Credit Agreement, as amended, and the Company maintained some deposit accounts with SVB. The Company withdrew funds on deposit with SVB as of Thursday, March 9, 2023, however, additional payments (approximately $4 million) from the Company's customers were deposited into the Company's accounts at SVB subsequent to that withdrawal. According to the FDIC, all insured depositors of SVB will have full access to their deposits starting today, March 13, 2023. Ribbon does not expect the closing of SVB to have a significant impact on its operations

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Msg # Subject Author Recs Date Posted
6856 Re: SVB exposure bigsonusbagholder 0 3/13/2023 9:21:14 PM
6857 Re: SVB exposure mark_anthony123 0 3/13/2023 11:09:31 PM

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