Daily News: February 9, 2018

Comerica Provides New $1MM Facility for BioHiTech

BioHiTech Global, a technology and services company that provides cost-effective and sustainable waste management solutions, secured a new $1 million credit facility with Comerica Bank.

The new facility will provide additional financial flexibility to fuel the growth of the company’s recurring revenue stream from its on-site food waste digester products.

“We are pleased to establish this credit facility with BioHiTech to support the growth of [its] innovative suite of environmental technology solutions,” said Joseph Ursuy, SVP of Comerica’s Environmental Services Department. “As the traditional waste industry continues to evolve, we believe BioHiTech’s unique business model will be helpful in achieving long-term growth and we look forward to providing the capital to fuel that expansion.”