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Analytik Jena Issues $37M Promissory Note

NEW YORK (GenomeWeb News) – German analytical instrument firm Analytik Jena today said that it has issued a promissory note for €30 million ($37 million).

The notes were offered to German institutional investors with maturity dates of between three and seven years with both fixed and variable rates, the company said. The loan was arranged by IKB Deutsche Industriebank, and among other things, replaces an existing loan of €12 million.

The notes provide Analytik Jena an opportunity to restructure its long-term debt capital at a favorable interest rate and the chance to finance its growth and future strategic acquisitions, it said.

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