DZS Inc. announced it has secured $29.7 million in loans, including a $24.5 million 3-year term loan with 29% shareholder DASAN Networks Inc. The 3-year $24.5 million term loan with an annual interest rate of 8% complements approximately $5.2 million of short-term loans with South Korean bank financial partners. The cash will be used to pay off DZS? existing term debt facility and line of credit.
DZS Secures $29.7 Million in Financing
September 13, 2023 at 08:00 am EDT
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