RiT amends, increases convertible loan with Stins Coman to $25 million

Companies agree to extend term by about six months to Dec. 31, 2013

By Devika Patel

Knoxville, Tenn., Aug. 14 - RiT Technologies Ltd. said it increased a convertible unsecured loan to $25 million from $20 million and extended the loan's term by about six months to Dec. 31, 2013. The 2.47% three-year loan was negotiated with Stins Coman Inc. on June 19, 2009.

Based in Tel Aviv, Israel, RiT Technologies is a producer and supplier of infrastructure management and asset management solutions for improved control, utilization and maintenance of networks and data centers.

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