Maxwell Technologies Inc., a producer of energy storage and power delivery solutions, announced that it has obtained a three-year, $25 million revolving credit facility for working capital purposes from East West Bank.
"We are very excited to have East West Bank as our new banking partner as their expertise in international banking, particularly in Greater China markets, tightly aligns with Maxwell’s banking needs," said David Lyle, Maxwell’s senior vice president and chief financial officer. "This new credit facility provides the company with the necessary financial flexibility to operate our business."
San Diego-based Maxwell Technologies develops and manufactures cost-effective energy storage and power delivery solutions. Its ultracapacitor products provide power solutions for applications in consumer and industrial electronics, transportation and telecommunications, the company said.
East West Bank is one of the largest independent banks headquartered in California. East West is focused exclusively on the U.S. and greater China markets and operates over 130 locations worldwide.