Anaheim-based DDi Corp. has struck a $25 million credit line with an option to grow it to $40 million, the circuit board maker said Wednesday.
The revolving credit line, which allows DDi to keep borrowing as it pays offs what it’s already used, replaces a prior credit line that expired in December.
The credit line runs for three years and is backed by undisclosed assets of DDi.
The company plans to use the credit line for general purposes, including possible acquisitions.
DDi makes circuit boards that later are assembled with chips. The boards go inside equipment for aerospace, military, industrial, medical, networking and communication uses.
About a third of DDi’s business is in aerospace and defense.
The company gets customers by quickly turning around boards, especially on prototypes.
Most of the company’s orders are completed in less than 10 days. Some are done in as little as 24 hours.
What’s called “quick turn” work brings higher profits for boards, which otherwise are a dime a dozen.
DDi is expected to see sales of $270 million this year, up about 70% from a year earlier.
The company had a recent market value of $175 million.
