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Raptor allowed to add cash payments due on convertibles to principal
Investor and company negotiate agreement regarding Sept. 30 payment
By Devika Patel
Knoxville, Tenn., Nov. 4 - Raptor Networks Technology Inc. amended the terms of four of its senior secured convertible notes on Nov. 4, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The new agreement, which has an effective date of Sept. 30, permits the company to add certain payments due on Sept. 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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