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Harvard Bioscience Completes Acquisition of Data Sciences International
Feb. 01, 2018 09:19AM PST
Biotech InvestingHarvard Bioscience (Nasdaq:HBIO), a global developer, manufacturer and marketer of a broad range of solutions to advance life science, announced today that the Company has completed the previously announced acquisition of Data Sciences International. As quoted in the press release: Simultaneous to the acquisition of DSI, the Company entered into a credit facility with Cerberus …
Harvard Bioscience (Nasdaq:HBIO), a global developer, manufacturer and marketer of a broad range of solutions to advance life science, announced today that the Company has completed the previously announced acquisition of Data Sciences International.
As quoted in the press release:
Simultaneous to the acquisition of DSI, the Company entered into a credit facility with Cerberus Business Finance, LLC, as administrative agent and collateral agent for the lenders (the “Credit Facility”). The Credit Facility is comprised of a $64 million term loan and a $25 million revolving line of credit, of which approximately $4.8 million was drawn at closing.
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