Seisa Medical (El Paso, Texas) announced that it has closed a $42.5 million senior secured credit facility with Sagard Credit Partners. Most of the funds from the deal will be used to be fees and expenses from the transaction while administering a dividend to shareholding and completing acquisitions.
“We are excited to begin this relationship with Sagard Credit Partners as a long-term strategic and financial partner,” Julio Chiu, founder and CEO of Seisa, said in a press release. “With this facility, we are well positioned to execute on our growth strategy to expand through acquisitions in a prudent and accretive way.”
The company plans to acquire companies that will help Seisa expand its injection molding, tubing and extrusion and device assembly offerings into other geographic regions. Seisa currently has facilities in the U.S., Mexico and Europe.