Dialogic subsidiary's lenders, agent agree to loan default forbearance

By Caroline Salls

Pittsburgh, Nov. 18 - Dialogic Inc. wholly owned subsidiary Dialogic Corp. entered into a credit agreement default forbearance agreement with some of its lenders and lender agent Wells Fargo Foothill Canada ULC, according to an 8-K filed with the Securities and Exchange Commission.

Under the agreement, the lenders and agent have agreed not to act on defaults and anticipated defaults until the earlier of Jan. 6 and the occurrence of any default not covered by the forbearance.

The lenders and agent granted the forbearance in exchange for a release of claims by Dialogic, the 8-K said.

San Jose, Calif.-based Dialogic is a provider of voice infrastructure solutions for established and emerging wireline and wireless service providers.

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