FDAnews Drug Daily Bulletin

MINRAD ANNOUNCES $3.5 MILLION REVOLVING LINE OF CREDIT

Dec. 27, 2005
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MINRAD, Inc. announced it obtained a revolving line of credit from KeyBank National Association for the amount of $3.5 million. The proceeds of the revolving facility shall be used by MINRAD towards working capital, corporate development and to refinance existing indebtedness. The line of credit has a term of one year based on the percentage of eligible inventory and receivables.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-22-2005/0004238536&EDATE=)