Mara Technologies gets C$25 million secured facility via FrontWell

By Mary-Katherine Stinson

Lexington, Ky., Jan. 11 – Mara Technologies Inc. and Mara Technologies USA Inc. closed on a C$25 million secured credit facility with FrontWell Capital Partners Inc., according to a news release.

The facility consists of a revolver and a term loan.

Proceeds will be used to refinance debt and provide additional working capital to support Mara’s U.S. expansion including the opening of a manufacturing facility in Holly, Mich.

Mara is a subsidiary of the Invotek Group, a global leader in electronics manufacturing services based in Markham, Ont.

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