Navigation Links
Pulse Systems Announces New $8.5 Million Credit Facility

CONCORD, Calif., May 4 /PRNewswire/ -- Pulse Systems announced today that the company has recently closed a $8.5 million credit facility through the Structured Finance Group at Fifth Third Bank. This new credit facility consists of a $7.0 million term loan and a $1.5 million revolving working capital line of credit.

"Our ability to close a credit arrangement of this scope in today's challenging banking environment speaks to the strength of the company's cash flow and its solid performance in the medical device industry over the past several years," said John Fife, Chairman of Pulse Systems LLC and Managing Partner at Chicago Venture Partners.

"Accomplishment of this major re-financing is another important milestone for Pulse Systems, and marks our continued success in carrying out our long-term business strategy for the company," commented Herb Bellucci, President and CEO of Pulse Systems.

Funds from the term loan will be used to pay off mezzanine debt incurred in the 2004 acquisition of the company by Chicago Venture Partners. The revolving line of credit is available to the company for working capital purposes and other short-term cash needs.

"One key catalyst to economic recovery is the availability of capital to creditworthy borrowers," said Neil Prendergast, senior vice president and Structured Finance Sales Manager with Fifth Third Bank. "At Fifth Third, we are committed to responsible lending for our commercial clients."

Pulse Systems provides precision laser cutting of tubular metal components for the medical device industry, including implantable devices such as endovascular stents. The company also supplies value-added finishing processes such as laser welding, electropolishing, Nitinol shape-setting, microblasting, and Class 10,000 cleanroom assembly. Pulse Systems specializes in rapid turnaround of prototype parts, and can support full production volumes through its ISO 13485:2003 / ISO 9001:2008 certified manufacturing operations. To learn more about Pulse Systems, visit

SOURCE Pulse Systems
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. Apria Healthcare Chooses Masimo SET Pulse Oximetry for Use in the Companys Home Health Care Business
2. Masimo Corporation Given Approval to Market the Masimo Rad-57 Pulse CO-Oximeter in Japan
3. International Association of Fire Fighters (IAFF) Advocates Screening Fire Fighters for Carbon Monoxide Poisoning Using Pulse CO-Oximetry
4. Abington Memorial Hospital Completes System-Wide Conversion to Masimo SET Pulse Oximetry Technology
5. Masimo Awarded Multi-Year Pulse Oximetry Agreement with HealthTrust Purchasing Group
6. National Fire Protection Association (NFPA) Sets New National Standard for CO Screening by Pulse CO-Oximetry(TM)
7. SPO Medical Begins Shipping PulseOx 6000(TM) and PulseOx 6100(TM)
8. New technique measures ultrashort laser pulses at focus
9. Masimo Announces Desaturation Index 3D Alarm as Standard Feature in All Radical-7 Pulse CO-Oximetry Devices
10. Killer pulses help characterize special surfaces
11. New Multi-Center Study Finds Masimo SET Pulse Oximetry Screening Significantly Improves Detection of Congenital Heart Disease in Newborns
Post Your Comments:
(Date:11/25/2015)... ... November 25, 2015 , ... A long-standing partnership between the ... has been formalized with the signing of a Memorandum of Understanding. , AMA ... Capt. Karl Minter and Capt. Albert Glenn Tuesday, November 24, 2015, at AMA ...
(Date:11/25/2015)... Francisco, CA (PRWEB) , ... November 25, 2015 ... ... microbial genomics company uBiome, were featured on AngelList early in their initial angel ... launching an AngelList syndicate for individuals looking to make early stage investments in ...
(Date:11/24/2015)... 2015 Cepheid (NASDAQ: CPHD ) today ... following conference, and invited investors to participate via webcast. ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern Time ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern Time ... New York, NY      Tuesday, December 1, 2015 ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... maintain healthy metabolism. But unless it is bound to proteins, copper is also ... Health (NIH), researchers at Worcester Polytechnic Institute (WPI) will conduct a systematic study ...
Breaking Biology Technology:
(Date:11/26/2015)... Research and Markets ( ) has ... - Technology and Patent Infringement Risk Analysis" report ... --> Fingerprint sensors using capacitive technology represent ... sensor vendor Idex forecasts an increase of 360% of ... and of the fingerprint sensor market between 2014 and ...
(Date:11/20/2015)... November 20, 2015 NXTD ) ... on the growing mobile commerce market and creator of ... Pereira , was recently interviewed on The RedChip ... on this weekend on Bloomberg Europe , Bloomberg ... --> NXTD ) ("NXT-ID" or the "Company"), ...
(Date:11/19/2015)... Calif. , Nov. 19, 2015  Based on ... Frost & Sullivan recognizes BIO-key with the 2015 Global ... Each year, Frost & Sullivan presents this award to ... line catering to the needs of the market it ... product line meets and expands on customer base demands, ...
Breaking Biology News(10 mins):