Daily News: December 20, 2013

MidCap Provides ABL to Hamilton Scientific

MidCap Business Credit announced that it has completed an $8 million asset based line of credit to Hamilton Scientific, an OpenGate Capital portfolio company.

In addition to refinancing the previous lender, proceeds will be used to support working capital requirements. MidCap Business Credit was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility.

DePere, WI-based Hamilton Scientific is a manufacturer of laboratory furniture and fume hoods.