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Prospect News home > News index > List of issuers M > Headlines for Minrad International, Inc. > News item
Published on 12/22/2005 in the Prospect News Biotech Daily.

Minrad obtains $3.5 million revolver

By E. Janene Geiss

Philadelphia, Dec. 22 - Minrad Inc. said it obtained a $3.5 million revolving line of credit from KeyBank NA and plans to use it for working capital, for corporate development and to refinance existing debt.

The line of credit has a term of one year based on the percentage of eligible inventory and receivables.

Minrad is a Buffalo, N.Y., pharmaceutical company focused on interventional pain management.


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