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MidCap Business Credit Closes $6.5MM Asset-based Credit Facility for Pharmaceutical Products Distributor

May 10, 2023, 07:46 AM
Filed Under: Distribution

MidCap Business Credit closed on an $6,500,000 asset-based credit facility to a New England based distributor of licensed pharmaceutical products. The new relationship and was sourced and closed out MidCap’s headquarters in West Hartford, CT.   

Seth Cooper, Senior Vice President said, “We were able to provide a flexible asset-based revolver which will support the company’s working capital requirements.  We look forward to continuing our strong relationship with management and helping them execute on their strategic plan to achieve their financial objectives.”

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