InterNex Capital Provides $8MM in Financing to Health Sciences Company

InterNex Capital provided $8 million in financing to a health sciences company in Pennsylvania. InterNex Capital specifically provided a $5.5 million line of credit and a $2.5 million term loan with potential upsize capacity of up to $5 million.

The client is a 25-year-old functional service provider in the health sciences industry, providing biostatistics, data science and support during clinical trials. The client sought a line of credit for general working capital needs and a term loan to retire other debt obligations.