Liquidity Services entered into a new credit facility with Wells Fargo Bank providing revolving loans up to a maximum aggregate principal amount of $25 million with a $10 million sublimit for standby letters of credit.
Tiger Group, in partnership with Liquidity Services and Perry Videx, is accepting immediate offers to purchase assets from two syringe-filling/sterile drug compounding plants that had been operated by PharMEDium, a manufacturer of ready-to-use compounded sterile preparations.
A white paper created as part of the biopharma partnership between Tiger Group and Liquidity Services explained how investors and lenders can bolster the position of biopharmaceutical firms by leveraging asset valuation and disposition.
Tiger Group and Liquidity Services launched a partnership focused on rapid, efficient and high-recovery disposition of assets from distressed organizations in the biopharmaceutical manufacturing industry.
Tiger Liquidity Services will conduct an online court-ordered auction for assets formerly owned by Enseco Services Energy, a Calgary, Canada-headquartered well-production testing company.