Daily News: September 11, 2012

M&T Healthcare Closes New Facility for ENT, Allergy


M&T Bank and ENT and Allergy Associates announced they have closed a new financing deal with a total credit facility in excess of $20 million, with which to support the continued growth of one of the nation’s largest ear, nose, throat, allergy and audiology practices.

The financing was arranged through the commercial health care lending division of M&T Bank in Tarrytown, NY, which is managed by vice president and team leader Ken Mitchell.

The package includes refinancing some existing term debt, new capital project loans, a line of credit and letters of credit, and will be utilized, in part, for a variety of future projects, including the addition of state-of-the-art medical equipment at existing offices and new offices planned in Brooklyn, Queens and the Hudson Valley.