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Flow International to repay facility borrowings with stock proceeds
By Sara Rosenberg
New York, Sept. 2 - Flow International Corp. plans to repay debt under its credit facility using proceeds from an about $16.4 million common stock offering, according to a news release.
Remaining proceeds will be used for general corporate purposes.
The offering is expected to close on Sept. 8.
Flow International is a Kent, Wash.-based developer and manufacturer of ultrahigh-pressure waterjet cutting technology.
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