Radisys closed a USD 17 million financing with Hale Capital Partners (HCP) and also entered into a newly established USD 20 million asset-backed line of credit agreement with Marquette Business Credit, a subsidiary of UMB Bank. In conjunction with securing the new financing, the company settled all outstanding balances and terminated its previous line of credit with Silicon Valley Bank. The senior notes carry an interest rate of Prime plus 5.75 percent, with amortisation not scheduled to begin until August. ROTH Capital acted as placement agent and financial advisor to Radisys on the transaction.

For the fourth quarter 2017, the company anticipates revenue of approximately USD 32 million, exceeding the USD 31 million midpoint of its previously announced revenue guidance range. The company also expects to record a one-time inventory charge of up to USD 11 million during the fourth quarter, largely associated with DCEngine inventories. In addition, the company anticipates recognising restructuring charges of approximately USD 7 million through the second quarter of 2018, primarily associated with employee severance obligations and non-cash asset write-downs. Radisys will report its complete fourth quarter 2017 results on 8 February.