EL PASO, Texas–(BUSINESS WIRE)–Seisa Medical Inc. (the «Corporation» or “Seisa”) is pleased to announce that it has closed a USD $42.5 million (approx. CAD $53 million) senior secured credit facility (the «Senior Facility») with Sagard Credit Partners. The proceeds from the Senior Facility will be used to pay fees and expenses associated with the transaction, fund a dividend to shareholders and complete acquisitions.
Seisa Medical closes $42.5MM credit facility with Sagard Credit Partners primarily to complete acquisitions.
Based in El Paso, Texas, Seisa is a full-service provider of integrated manufacturing and development to the medical device industry. The Corporation has facilities in the U.S., Mexico and Europe.
“We are excited to begin this relationship with Sagard Credit Partners as a long-term strategic and financial partner,” said Julio Chiu, Founder and Chief Executive Officer of Seisa. “With this facility, we are well positioned to execute on our growth strategy to expand through acquisitions in a prudent and accretive way.”