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Swift Health Systems closes $45 million venture loan
Chicago, July 13 – Swift Health Systems, Inc. (InBrace) closed a $45 million venture loan facility, according to a press release and a market source.
The initial draw was $10 million, with $7 million of the funding provided by Horizon Technology Finance Corp. and $3 million coming from a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon’s adviser.
Latham & Watkins advised InBrace.
The company will use the loan proceeds for general growth and working capital purposes.
InBrace is an orthodontic company based in Irvine, Calif.
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