Olshan Represents Vicon Industries in the Refinancing of Its Credit Facility with NIL Funding Corp.

Firm News

The Firm represented client Vicon Industries, Inc. (OTCQB: VCON), a Hauppauge, NY provider of mission-critical security surveillance systems, in connection with the refinancing of its credit facility with NIL Funding Corporation, an institutional lender.  The new $5.6 million term loan, completed on an expedited basis on September 21, 2018, replaced the $5.8 million outstanding balance on its existing revolving line of credit. The new loan is secured by a first priority security interest in substantially all of the assets of Vicon Industries and its subsidiaries.  The transaction was brought in by corporate partner Spencer Feldman and led by partner Jason Saltsberg

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.