QLogic Corp., a supplier of high performance network infrastructure solutions, announced the closing of a new $125 million revolving credit facility that matures in March 2018. This unsecured credit facility can be used for working capital and general corporate purposes.

"We are pleased to receive this unsecured credit facility at a very attractive interest rate in a deal from a strong group of lenders led by JP Morgan and others including Bank of America, Silicon Valley Bank and Union Bank," said Jean Hu, senior vice president and chief financial officer, QLogic. "While we have no immediate plans to draw upon the facility, this is an opportune time to add a revolving credit facility to our capital structure, which provides us further financial flexibility to support our long-term corporate objectives."

QLogic is a global leader and technology innovator in high performance networking, including adapters, switches and ASICs. Leading OEMs and channel partners worldwide rely on QLogic products for their data, storage and server networking solutions.