Power-One Inc. extended by two years its $50 million loan from PWER Bridge LLC, the company announced. The extension provides to Camarillo-based Power-One a capital structure to expand markets and support customers of its power conversion products. “We believe we have adequate liquidity and a solid balance sheet to support both our growth strategy and our efforts to achieve sustained profitability,” said Power-One CEO Richard Thompson. PWER Bridge is an affiliate of investment banking firm Stephens Inc.
