SeraCare expands revolver to $25 million

By E. Janene Geiss

Philadelphia, Oct. 5 - SeraCare Life Sciences, Inc. announced Wednesday an expansion of its credit facility with its existing banks.

The Oceanside, Calif.-based company said it amended its aggregate revolving loan commitment to $25 million from $10 million with Brown Brothers Harriman & Co. and Union Bank of California, NA. The amendment also adds a $2 million swing line facility, company officials said.

The company said it plans to use the financing to further growth internally and through possible acquisitions. SeraCare is a manufacturer and supplier of biological materials used with diagnostic tests and develops and produces pharmaceuticals.

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