World News: 21:20 GMT Monday 20th March 2017. [Avid Technology, Inc. via Globe Newswire via SPi World News]
BURLINGTON, Mass., March 20, 2017 (GLOBE NEWSWIRE) -- (), a leading technology provider for the creation, distribution and monetization of media assets for global media organizations, enterprise users and individual creative professionals, today announced an amendment to its existing financing agreement with Cerberus Business Finance, LLC, originally entered into on February 26, 2016.
"We are pleased to have worked with our lender, Cerberus, on this amendment to our financing agreement,” said Brian E. Agle, Avid’s Senior Vice President and Chief Financial Officer. “As our financing partner, Cerberus responded to our request and demonstrated its support for Avid as we complete the transformation and deliver a clearer, more predictable and profitable financial model.”
Globe Newswire: 21:20 GMT Monday 20th March 2017
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