Satcon in $12M debt facility deal with Horizon TechnologyBy AP
Thursday, June 17, 2010
Satcon announces $12M debt facility deal
BOSTON — Satcon Technology Corp., which makes power generation products for the alternative energy industry, said Thursday that it received a $12 million subordinated debt facility from Horizon Technology Finance.
Satcon plans to put proceeds toward working capital, saying it plans to keep up growth across the globe.
Satcon shares fell 5 cents to $2.72 in after-hours trading, after rising 7 cents to finish regular trading at $2.77.