New line of credit for Minrad

AuntMinnie.com staff writers

Dec 21, 2005

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

Related Reading

Minrad sales grow in Q1, May 17, 2005

Minrad completes merger, July 26, 2004

The force is not with Minrad, July 27, 2001

Copyright © 2005 AuntMinnie.com

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