Stins Coman Increases RiT Technologies' Convertible Loan by $5M and Extends It by 6 Months

RiT Technologies RITT and Stins Coman Inc., RiT's controlling shareholder, today announced that they have increased the maximum loan amount by $5 million to a total of $25 million and extended the term of their convertible loan agreement by approximately 6 months (until December 31, 2013). Until the end of the agreement period, RiT may call for any unused portion of the loan, which, after the current increase of the maximum loan amount, totals $9.8 million. The remaining provisions of the Loan Agreement are left unchanged.