Pulse Systems Announces New $8.5 Million Credit Facility
Posted on: Monday, 4 May 2009, 09:00 CDT
"Our ability to close a credit arrangement of this scope in today's challenging banking environment speaks to the strength of the company's cash flow and its solid performance in the medical device industry over the past several years," said
"Accomplishment of this major re-financing is another important milestone for Pulse Systems, and marks our continued success in carrying out our long-term business strategy for the company," commented
Funds from the term loan will be used to pay off mezzanine debt incurred in the 2004 acquisition of the company by Chicago Venture Partners. The revolving line of credit is available to the company for working capital purposes and other short-term cash needs.
"One key catalyst to economic recovery is the availability of capital to creditworthy borrowers," said
Pulse Systems provides precision laser cutting of tubular metal components for the medical device industry, including implantable devices such as endovascular stents. The company also supplies value-added finishing processes such as laser welding, electropolishing, Nitinol shape-setting, microblasting, and Class 10,000 cleanroom assembly. Pulse Systems specializes in rapid turnaround of prototype parts, and can support full production volumes through its ISO 13485:2003 / ISO 9001:2008 certified manufacturing operations. To learn more about Pulse Systems, visit www.pulsesystems.com.
SOURCE Pulse Systems
Source: PR Newswire
Related Articles
- AdCare Health Systems, Inc. Reports 2009 Third Quarter Earnings Results; Third Consecutive Profitable Quarter
- American Tree Farm System(R) Wood Validated Through Third-Party Certification
- NCI Building Systems to Release Fiscal Third Quarter Results on Wednesday, September 9, 2009; Will Not Hold Conference Call Due to Impending Convertible Note Exchange Offer
- Varian Medical Systems Reports Results for Third Quarter of Fiscal Year 2009
- Noble Environmental Power Overcomes Market Challenges, Receives Long-Term Capital from GE and Others for 3 NY Windparks
- Pulse Systems Receives Dual Certification Under ISO 13485:2003 and ISO 9001:2008
- AVEO Pharmaceuticals to Present at the Lazard Capital Markets Fifth Annual Healthcare Conference
- Stratus Technologies and Pulse Systems, Inc. Partner to Serve EHR and Practice Management Market
- Pluristem Life Systems Hires American Capital Ventures to Provide Investor Relations Services
 |
 |
User Comments (0)
RSS Feeds