Mattersight enters new credit facility.
Mattersight Corp. (NASDAQ: MATR) said it has entered into a new credit facility with Partners for Growth (PfG).
The facility provides for a USD3m revolving line of credit maturing in 2016 and an additional USD2m convertible term loan. The facility is subordinated to the company's existing USD10m credit facility with Silicon Valley Bank.
Mattersight is a leader in enterprise analytics focused on customer and employee interactions and behaviors. The company's website is at www.Mattersight.com.
Established in 2004, PfG provides custom debt solutions to private and public emerging growth technology and life science companies. PfG's custom approach results in a variety of structures and terms including working capital lines of credit. The company's website is at http://www.pfgrowth.com/index.html.
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