NEW YORK (GenomeWeb News) – Caliper Life Sciences has restructured a credit facility agreement with Silicon Valley Bank allowing Caliper to borrow up to $25 million through revolving loan advances including as much as $5 million in letters of credit.  

According to a filing Thursday with the US Securities and Exchange Commission, Caliper plans to use the capital to fund ongoing operations and working capital needs. The agreement amends and restates a credit facility and loan Caliper received from SVB in 2006.

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