Posted under Venture Capital
from http://www.pehub.com 871 days ago

PCT International, a Mesa, Arizona-based company that makes products for the broadband industry, including fiber nodes, amplifiers, and coaxial cable, has secured $25 million in global credit facilities from Bibby Financial Services and China Bank of Communications.

PRESS RELEASE:

PCT International, Inc., a world leader in last-mile products for the broadband industry, is pleased to announce it has secured over $25 million in global credit facilities provided by Bibby Financial Services and China Bank of Communications. The new facilities recapitalize PCT’s existing lenders and provide attractive growth funding to support PCT’s strategic global initiative. PCT will utilize proceeds to expand manufacturing capacity, increase research and development and support expansion of its industry-leading line of last-mile broadband products.

“This client has a strong reputation for innovation and efficiency”
“The commitments from our financing partners in the United States and China demonstrate the success of our business model, high-quality product ...

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