Tripwire Announces New $25 Million Credit Facility
Portland, OR - Jan 5, 2011 - Tripwire, Inc., a leading global provider of IT security and compliance automation solutions, today announced the recent closing of a new three-year $25 million credit facility with U.S. Bank National Association as Administrative Agent and joint Lender with Silicon Valley Bank. The credit facility matures in October 2013.
James B. Johnson, Tripwire's President and CEO, said, "We are pleased to establish a long-term relationship with U.S. Bank. This credit line enhances Tripwire's financial flexibility as well as supports our internal growth opportunities and gives us additional capital to support other strategic growth initiatives."
"We are very pleased to have this opportunity to work with Tripwire" said Malia Wasson, President of U.S. Bank in Oregon. "It is important that Oregon-based businesses have the financial capacity to grow in the years to come, and we're proud to partner with Tripwire to support its plans."
About U.S. Bank
U.S. Bank opened for business in Oregon in 1891 and is the largest bank in the state with 193 branches and almost 4,800 employees. U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust, and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com
About Tripwire, Inc.
Tripwire is a leading global provider of IT security and compliance automation solutions that help businesses and government agencies take control of their IT infrastructure. Thousands of customers rely on Tripwire's integrated solutions to help protect sensitive data, prove compliance and prevent outages. Tripwire VIA™, the comprehensive suite of industry-leading file integrity, policy compliance and log and event management solutions, is the way organizations proactively achieve continuous compliance, mitigate risk, and ensure operational control through Visibility, Intelligence and Automation. Learn more at www.tripwire.com and @TripwireInc on Twitter.