December 16, 2010

Venable Represents Guthy-Renker in $5M Secured Revolving Credit Facility

1 min

Business Transactions Practice Group attorneys Bob Bolger and Brandt Mori represented Guthy-Renker, one of the leading direct response marketing companies, in connection with Guthy-Renker’s extension of a $5M secured revolving credit facility to CyberDefender Corporation (NASDAQ: CYDE), a publicly traded provider of Internet security software, utilities and remote technical support services.

In connection with the revolving credit facility, Guthy-Renker and CyberDefender also re-negotiated specified terms of the existing Media and Marketing Services Agreement between the parties and the existing $5.3M senior convertible loan that was made by Guthy-Renker to CyberDefender in March 2010.