Bacterin Secures Accounts Receivable Credit Facility
Bacterin International Holdings, Inc. (NYSE: BONE) has secured an accounts receivable credit facility with Midcap Financial LLC and Silicon Valley Bank. The revolving loan credit facility allows Bacterin to borrow up to $5 million through January 1, 2015. The facility allows borrowings based upon a predetermined formula of up to 80% of Bacterin's eligible accounts receivable, as defined in the credit and security agreement.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.