BETHESDA, Md. -- (Business Wire)
GE Capital, Healthcare Financial Services announced today it is serving
as sole lender and administrative agent on $12 million in senior secured
credit facilities for SIGA Technologies, Inc. (NASDAQ: SIGA), consisting
of a $5 million term loan and a $7 million revolving line of credit.
Headquartered in New York City, SIGA specializes in the development and
commercialization of pharmaceuticals to prevent and treat some of the
most lethal, disease-causing pathogens in the world, including smallpox,
Ebola, dengue, Lassa fever and other dangerous viruses.
“GE Capital understands our business and quickly delivered a competitive
financing package that meets our needs,” said Daniel Luckshire,
executive vice president and CFO of SIGA. “In GE Capital, we have a
lender who will work closely with us as we continue to grow our
“SIGA, like many commercial-stage pharmaceutical companies, has
sophisticated needs for continuing access to efficiently-priced
capital,” said Anthony Storino, senior managing director, GE Capital,
Healthcare Financial Services, Life Sciences. “With a team of
specialists, we provide pharma companies with a deep level of knowledge
and great flexibility in meeting their capital needs.”
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare
Financial Services has provided more than $60 billion in financing over
ten years to companies in over 45 healthcare sectors including senior
housing, hospitals, medical offices, outpatient services,
pharmaceuticals and medical devices. Our team of professionals creates
business and financial solutions tailored to meet the individual needs
of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on
things that matter. The best people and the best technologies taking on
the toughest challenges. Finding solutions in energy, health and home,
transportation and finance. For more information, visit the company's
website at www.ge.com.
GE Capital, Americas
Ned Reynolds, 203-229-5717
Source: GE Capital, Healthcare Financial Services
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