CAMPBELL, Calif., July 26, 2012 /PRNewswire/ -- Rainmaker Systems, Inc. (Nasdaq: RMKR), a leading global provider of B2B solutions that drive online sales and renewals for products, subscriptions and training for clients and their channel partners, today announced that it has entered into a $5 million loan and security agreement with Comerica Bank.
The maximum amount of credit available to the company under the credit facility is $5 million, composed of a $3 million 36 month term loan and a $2 million 18 month revolving line of credit.
"Completing this credit agreement with Comerica Bank is another positive step forward in the company's transformation to become a leading global provider of B2B e-Commerce solutions," said Timothy Burns, Rainmaker's CFO. "This credit agreement is a strong indication of the bank's confidence in our ability to continue to improve our financial performance."
About Rainmaker Systems
Rainmaker Systems, Inc. is a leading global provider of B2B e-commerce solutions that drive online sales and renewal for products, subscriptions and training for our clients and their channel partners. Rainmaker provides these solutions on a consistent, global basis supporting multiple payment methods, currencies and language capabilities.
NOTE: Rainmaker Systems, the Rainmaker logo, are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.
SOURCE Rainmaker Systems, Inc.