Seisa Medical (El Paso, Texas) announced that it has closed a $42.5 million senior secured credit facility with Sagard Credit Partners. Most of the funds from the deal will be used to be fees and expenses from the transaction while administering a dividend to shareholding and completing acquisitions.
“We are excited to begin this relationship with Sagard Credit Partners as a long-term strategic and financial partner,” Julio Chiu, founder and CEO of Seisa, said in a press release. “With this facility, we are well positioned to execute on our growth strategy to expand through acquisitions in a prudent and accretive way.”
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The post Seisa Medical closes $42.5 million recapitalization and acquisition line appeared first on MassDevice.
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