Swissray completes refinancing

AuntMinnie.com staff writers
Jan 3, 2001

Swissray International has completed a refinancing by converting its indebtedness to common stock. The Elmsford, NY-based digital x-ray company also reported that it is using interim purchase-order financing to cover working capital needs.

Michael Laupper, Swissray’s CFO, said the refinancing imposes a lockup on newly issued shares from coming onto the market for at least six months. Swissray trades on the Over the Counter Bulletin Board (OTCBB) under the symbol SRMI.

By AuntMinnie.com staff writers
January 4, 2001

Related Reading

Swissray gets order for 30 ddR systems, October 12, 2000

Swissray reports record revenues, September 21, 2000

Swissray sells three x-ray systems in Germany, September 13, 2000

Swissray improves ddR detector with Kodak CCD technology, July 13, 2000

Copyright © 2001 AuntMinnie.com

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