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GE Capital Provides $12 Million Senior Secured Credit Facility for SIGA Technologies, Inc.

2013-01-28 08:31 ET - News Release


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 business.”

“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.

Contacts:

GE Capital, Americas
Ned Reynolds, 203-229-5717
ned.reynolds@ge.com

Source: GE Capital, Healthcare Financial Services

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