-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
StockerYale Completes Debt Refinancing and Equity Placement
June 24, 2003 |Estimated reading time: Less than a minute
Salem, N.H. — StockerYale Inc. has successfully refinanced its Canadian subsidiary's credit facility with the National Bank of Canada.
The new facility replaces an expired facility with Toronto-Dominion Bank and consists of a C $2.5 million revolving credit facility secured by receivables and inventory and a C $2.3 million term loan secured by equipment and the company's Montreal research and development center
Independent of the bank financing, the company also completed a $1.2 million private equity placement with several of the company's institutional shareholders. Proceeds will be used for general working capital purposes.
StockerYale Inc. is an independent designer and manufacturer of structured light lasers, light emitting diodes (LEDs), fiber optic and fluorescent illumination technologies as well as specialty optical fiber and phase masks for use in a wide range of markets and industries including the machine vision, telecommunications, aerospace, defense and security, utilities, industrial inspection and medical markets. For more information, visit www.stockeryale.com.