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NEW YORK (GenomeWeb) – NanoString Technologies said today that it has entered into a new $100 million term loan facility with the CR Group (CRG), a health care-focused investment firm.

NanoString will use an aggregate of $60 million in proceeds from an initial draw to refinance its existing CRG term loan facility, under which approximately $50 million is currently outstanding. NanoString will also use proceeds for working capital and general corporate purposes and for transaction-related fees and expenses.

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