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June 12, 1997updated 04 Sep 2016 12:56am


By CBR Staff Writer

AdFlex Solutions Inc, Chandler, Arizona maker of circuit-based flexible interconnect devices, has increased its credit facility from $20 million to $45 million. The new credit facilities consist of a $20 million revolving line of credit, and a $25 million five-year term loan. The facility was arranged by BancBoston Securities Inc., with BankBoston N.A., Bank One, Arizona, N.A., and Imperial Bank of Arizona as lenders. The company will use the expanded financial clout to step up its manufacturing capabilities.

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