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Bridge Finance Group Provides $35 Million Revolver/$12.5 Million Term Loan To Interdynamics Holding, Inc. Chicago, IL - May 16, 2006 - Bridge Finance Group today announced the completion of a $35.0 million revolving line of credit and a $12.5 million term loan to Interdynamics Holding, Inc., an industry leader of automotive air-conditioning kits, refrigerants, and accessories in the U.S. retail aftermarket. The refinancing allows Interdynamics to refinance its existing lender and provide the capital necessary to grow their business. "We look forward to a long-standing relationship with Bridge Finance Group," said Gerry Rooney, COO and CFO. "BFG was very diligent in learning our business and was able to close the transaction in 14 days from start to finish." "Interdynamics has a strong position within their market. Their management depth and experience will allow them to continue to be an industry leader with a focus on product innovation" said Randy Abrahams, President and Chief Executive Officer of Bridge Finance Group. 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 healthcare lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of the healthcare industry. Bridge is based in Chicago, Illinois with offices in the Northeast and Southern California. |
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