Daily News: September 10, 2012

Square 1 Bank Provides Refi to IGI Laboratories

IGI Laboratories announced that the company has successfully closed on a $3 million credit facility. The facility includes a term loan in the amount of $2.5 million and a formula credit line in the amount of $1.25 million, under which total borrowings cannot exceed $3 million.

According to a related 8-K filing, Square 1 Bank provided the financing, which was secured by the company