PCT International Secures over $25M in Global Credit Facilities
Summary
PCT International, Inc., a Mesa, Arizona-based provider of last-mile products for the broadband industry, has secured over $25m in global credit facilities. The financings were provided by Bibby Financial Services and China Bank of Communications. The new facilities recapitalize the company’s existing lenders and provide growth funding to support PCT’s strategic global initiative. It will use proceeds to expand manufacturing capacity, increase research and development and support expansion of its line of products. Established in 1997 by CEO Steven Youtsey, PCT international develops and globally supplies last-mile technology products for broadband, CATV, satellite and structured wiring customers in more than 60 countries.
Funding
Amount
$25.0M
Total raised
Date
July 10, 2012
Announcement date
Investors
eCapital, Bank of Communications
Lead investors
Company
http://www.pctinternational.com
Funded company
Classifications
industries
Environment
applications
Human Resources
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