New Loans for Alyn
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IRVINE — Alyn Corp. said it has signed agreements for $15.5 million in equipment finance and working capital from General Electric Capital Corp. and Imperial Bank.
Alyn, which designs and manufactures industrial materials, said it received $8 million in six-year fixed-rate term loans from financial services company GE Capital to purchase new equipment and to reimburse Alyn for equipment already purchased. Imperial Bank will provide Alyn with a $2.5-million loan for about four years and a $5-million revolving line of credit.
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