Ge capital is agent for $55 million in credit facilities for
ebioscience, inc.
Bethesda, md.--(business wire)--ge capital, healthcare financial services announced today that it is agent and a lender for $55 million in senior secured credit facilities for ebioscience, inc. the credit facilities will be used to finance the company’s repurchase of certain shares from early investors, refinance existing debt, and provide growth capital. the financing includes a $45 million term loan and a $10 million revolving line of credit. ge capital markets served as sole lead arranger and bookrunner. based in san diego, ca, ebioscience, inc. is a manufacturer and distributor of reagents, key substances used in pharmaceutical research to detect, measure, and examine other substances in chemical and biological reactions. the company’s mission is to provide innovative, high-quality reagents to researchers worldwide and empower the process of scientific discovery in the areas of immunology and oncology. "ge capital’s healthcare financial services business has been a supportive financing resource," said don tartre, chief executive officer of ebioscience. “ge’s pharma team has demonstrated a keen understanding of our business, and ge certainly provides the expertise and financial capacity to support our growth capital needs for years to come.” “this financing enables ebioscience to repurchase stock, refinance existing indebtedness and positions the company for growth.” said robert mccarrick, senior managing director for ge capital, healthcare financial services’ corporate finance group. “our products, expertise in the healthcare industry and financing experience uniquely enable us to help customers meet their growth objectives.” about ge capital, healthcare financial services with over $17 billion invested, ge capital, healthcare financial services is a premier provider of capital and services to the healthcare industry, with investments in more than 30 sub-sectors including senior housing, hospitals, pharmaceuticals, and medical devices. our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. for more information, visit gecapital.com/healthcare. funding may be provided through ge capital, healthcare financial services’ affiliate, ge capital financial inc., member, fdic. ge capital offers consumers and businesses around the globe an array of financial products and services. for more information, visit gecapital.com or follow company news via twitter (@gecapital). ge (nyse: ge) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. visit ge.com.
GE Ratings Summary
GE Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission