InterNex Issues $8MM Line of Credit, Term Loan to Health Sciences Company

InterNex Capital announced an $8MM transaction with a Pennsylvania health sciences company.

The client is a 25-year-old functional service provider (FSP) in the health sciences industry, providing biostatistics, data science, and support during clinical trials. The client sought a line of credit for general working capital needs and a term loan to retire other debt obligations.

InterNex Capital provided a $5.5MM line of credit and a $2.5MM term loan with potential upsize capacity up to $5MM.