Mavenir Systems, Inc. Announces the Repayment and Amendment of its Debt Facilities

RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir Systems (NYSE: MVNR), a leading provider of software-based networking solutions, today announced the repayment of the outstanding balance of $15.0 million plus accrued interest on March 5, 2014 on its 2013 subordinated loan facility, using funds received in its recent Initial Public Offering (“IPO”). This facility bore interest at 12%, or $1.8 million per year in cash interest payments.