Minrad has secured a $3.5 million revolving line of credit from KeyBank National Association.
The proceeds of the facility will be used for working capital, corporate development, and to refinance existing indebtedness, according to the Buffalo, NY-based vendor. The line of credit has a term of one year based on the percentage of eligible inventory and receivables, Minrad said.
By AuntMinnie.com staff writers
December 22, 2005
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