June 17, 2009 (FinancialWire) — Halifax Corp. of Virginia. (AMEX: HX) (Current Market Cap: $1.27 Mil.) said it has closed on a new one year line of credit for $1.5 million with Sonabank, which is intended to replace the company’s existing line of credit.

The facility has a variable interest rate, which is 2.75 basis points above the Wall Street Journal Prime Rate and is subject to adjustment based on changes in that rate.

company CEO Charles McNew said, “It is reassuring to have our financing in place for the next twelve months and we believe that additional financing sources will be available to the company once our full year earnings are reported.”

Alexandria, Virginia-based Halifax is an enterprise logistics and maintenance solutions company providing a range of technology services to commercial and government customers throughout the United States.

The company’s principal products are enterprise logistics solutions and high availability hardware maintenance services.

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