Meridian Technologies gets C$150 million credit facility

By Sara Rosenberg

New York, July 27 - Meridian Technologies, Inc. closed on a new C$150 million cash flow credit facility, according to a news release.

GE Capital acted as the lead bank on the deal.

Proceeds will be used for working capital needs and to support the purchase of Meridian by a consortium of investors led by Estatia AG.

Meridian is an Ontario, Canada, magnesium auto parts manufacturer.

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