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Strata Announces Closing of Revolving Credit Facility to Support Acquisition Strategy Execution
Globenewswire· 2026-02-05 13:30
Core Insights - Strata Critical Medical, Inc. has entered into a credit agreement with JPMorgan Chase Bank for secured, asset-based revolving credit loans totaling up to $30 million, with the potential to increase to $50 million under certain conditions [1][4] Group 1: Financial Strategy - The new credit facility is expected to enhance Strata's capital efficiency, allowing the company to allocate more cash towards attractive acquisition opportunities [2] - The facility will remain undrawn at the close, providing flexibility for future financing [4] Group 2: Business Operations - Strata operates one of the largest air transport and surgical services networks in the U.S. for transplant hospitals and organ procurement organizations, offering a comprehensive "one call" solution for donor organ recovery [3] - Core services include air and ground logistics, surgical organ recovery, organ placement, and normothermic regional perfusion, as well as perfusion staffing and equipment solutions for cardiovascular surgery centers [4]