Implant Sciences Issues $20 Million Secured Promissory Notes

On March 21 MBBP client Implant Sciences Corporation announced it had completed a $20,000,000 refinancing with an accredited New York City-based institutional investor group.  Implant Sciences used the proceeds of the loan to pay down its DMRJ Group LLC line of credit as well as some portions of its other indebtedness to DMRJ. Glenn Bolduc, President and CEO …

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Implant Sciences Renegotiates Lender Credit

MBBP client, Implant Sciences negotiates Corporation has renegotiated its credit agreements with its senior secured investor, DMRJ Group LLC. The contract between the two companies has been changed to increase Implant Sciences’ line of credit, reduce the interest rate payable on their obligations, and removed all profit-sharing from the agreements. With these improvements, Implant Sciences is …

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