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Bridge Finance Group Provides A $22.5 Million Facility To Wafer Reclaim Services, LLC CHICAGO, IL – April 24, 2008 - Bridge Finance Group announced the completion of a $9.5 million term loan, a $3.0 million revolver, and a $10.0 million acquisition facility to Wafer Reclaim Services LLC ("WRS"). "We were impressed with Bridge's understanding of the secondary materials industry and found them very easy to work with," said Richard Mee, President of WRS. "We look forward to having Bridge's continued support was we drive growth in the business." WRS is headquartered in San Jose, California and is engaged in the business of sorting, stripping, polishing, and cleaning used wafers for semiconductor and solar manufacturers. "WRS has captured a unique and profitable services market and is growing rapidly," said Randy Abrahams President and Chief Executive Officer of Bridge Finance Group. "In this case we were cognizant of the future needs of WRS and were flexible with structure to allow for future growth." ABOUT BRIDGE FINANCE GROUP Bridge Finance Group offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable and inventory revolving loans, and equipment, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois with offices in the Northeast, Southeast, and West Coast. Visit www.bridgefinancegroup.com to learn more about Bridge Finance Group. Contact: Amanda Bowser, Marketing Associate |
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