CNET News: SGI Exits Bankruptcy Protection Oct 18, 2006, 15 :00 UTC (1 Talkback[s]) (4235 reads)
"Silicon Graphics exited Chapter 11 bankruptcy protection on Tuesday with a new board of directors and new funding to try to restore its faltering high-end computer business.
"The Mountain View, Calif.-based company, once a Silicon Valley icon, eliminated its long-term debt and raised $115 million to help it through the transition out of bankruptcy protection. The funding arrangements, through Morgan Stanley Senior Funding and General Electric Capital, also include an $85 million loan and a $30 million revolving line of credit, the company said..."
