MAG Industrial gets $110 million credit facility

By Sara Rosenberg

New York, Feb. 14 - MAG Industrial Automation Systems closed on a $110 million asset-based credit facility, according to a news release.

GE Capital acted as the lead bank on the deal.

Proceeds will be used to refinance existing debt and for ongoing working capital.

MAG is a Sterling Heights, Mich.-based manufacturer of advanced machine tools and systems.

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