Raptor amends convertibles agreement, adding amounts due to principal

By Devika Patel

Knoxville, Tenn., July 9 - Raptor Networks Technology Inc. amended the terms of two of its senior secured convertible notes, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The new agreement, which takes effect on June 30, permits the company to add certain payments due on June 30 to the notes' principal instead of paying these amounts in cash.

Based in Santa Ana, Calif., Raptor Networks develops network switching architectures.

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