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HemaCare Announces New $5 Million Debt Agreement
Apr 14, 2008 11:29AM
HemaCare Announces New $5 Million Debt Agreement Monday April 14, 11:54 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 14, 2008 -- HemaCare Corporation (OTC BB:HEMA.OB - News) today announced the execution of a new three year secured debt agreement with Wells Fargo Business Credit, an operating division of Wells Fargo Bank, N.A ("Wells Fargo"). The agreement provides up to $4.75 million in a revolving line of credit based on 85% of eligible accounts receivable, as defined in the agreement, and includes an interest rate of the Wells Fargo prime rate minus .25%........