Strata Critical Medical Secures $30 Million JPMorgan Revolving Credit Facility for Acquisition Growth
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Strata Critical Medical Inc. has secured a $30 million revolving credit facility from JPMorgan Chase Bank, with the potential to increase to $50 million. This asset-based loan will support the company's acquisition strategy in the clinical perfusion space while preserving financing flexibility by excluding owned aircraft from collateral. The facility will initially remain undrawn, aimed at enhancing capital efficiency and accelerating growth through further acquisitions.
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