When is Bostwick deal done?

Quote
Anonymous said:
You are very wrong--there was a financial structuring with one company and another capital equity firm then bought the majority stake in Bostwick---oh they'll have him by the balls alright as he basically relinquished control of his company.
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Originally Posted by Anonymous
HFG Underwrites $43 Million Financing for Bostwick Laboratories

Tuesday, July 19, 2011
Healthcare Finance Group, LLC (HFG) announced that it has underwritten a $43 million senior secured credit facility for Bostwick Laboratories, Inc.

The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.

The purpose of the financing was to refinance certain components of Bostwick's existing capital structure, including a revolving line of credit, term loans and an interest rate swap.

Gregory Geisz, Bostwick's VP of Finance, commented, "The continued growth of our company requires a lender that understands our current and future needs for capital, the healthcare regulatory environment and the surrounding issues that accompany the growth we expect. It was great to work with a finance company that truly understands the healthcare industry and looks at our long term overall prospects."

Regarding the transaction, HFG's SVP Steven Goldsmith said, "This is a growth-oriented company that is well-positioned for a much anticipated market consolidation and we are excited about our participation in their expansion. Our senior debt facility will assist with their growth and provide additional resources to support their objectives."

All of these terms:
The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.
say it is a LOAN not a buyout........Bostwick is "securing" the loan with something, maybe stock.....who knows but there is noting in the announcement that says it is anything but a loan!!!
 






Looks like we should invite HFG to this website so they will know that BL is a mismanaged piece of crap. How does that sound, David and his puppets? The previous financing group declined a loan, and I think HFG should also. Especially after claiming business was going well to previous employees right before releasing them, which didn't give them a chance to seek employment elsewhere, prior to becoming unemployed. I bet 5 emails will get their attention.
 






Anonymous said:
Looks like we should invite HFG to this website so they will know that BL is a mismanaged piece of crap. How does that sound, David and his puppets? The previous financing group declined a loan, and I think HFG should also. Especially after claiming business was going well to previous employees right before releasing them, which didn't give them a chance to seek employment elsewhere, prior to becoming unemployed. I bet 5 emails will get their attention.
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Why would you wanna hurt people that still work there and need the job. You are just as big a douche as dgb ifyou think that's OK. Stop trolling these pages and find a new job. I know I'm trying
 






Anonymous said:
Looks like we should invite HFG to this website so they will know that BL is a mismanaged piece of crap. How does that sound, David and his puppets? The previous financing group declined a loan, and I think HFG should also. Especially after claiming business was going well to previous employees right before releasing them, which didn't give them a chance to seek employment elsewhere, prior to becoming unemployed. I bet 5 emails will get their attention.
Click to expand...

That's just not cool. Why do you want to hurt people that still need this job? I know it sucks to br let go but its not the current employees fault that they got to keep their jobs. You sound just like this girl I used to work with, right after she knew she was quitting she erased everything that she helped make. It took hours trying to recover documents off the hard drive. (Even deleted files off share drive that I used.) I needed them and she made my job ten times harder Cus I had to make new versions of the info, half which I had made before just using her computer. She was being a bi##h and there's no excursion for it
 






Anonymous said:
That's just not cool. Why do you want to hurt people that still need this job? I know it sucks to br let go but its not the current employees fault that they got to keep their jobs. You sound just like this girl I used to work with, right after she knew she was quitting she erased everything that she helped make. It took hours trying to recover documents off the hard drive. (Even deleted files off share drive that I used.) I needed them and she made my job ten times harder Cus I had to make new versions of the info, half which I had made before just using her computer. She was being a bi##h and there's no excursion for it
Click to expand...

Damn iPhone auto correct *EXCUSE* Not excursion
 






Anonymous said:
That's just not cool. Why do you want to hurt people that still need this job? I know it sucks to br let go but its not the current employees fault that they got to keep their jobs. You sound just like this girl I used to work with, right after she knew she was quitting she erased everything that she helped make. It took hours trying to recover documents off the hard drive. (Even deleted files off share drive that I used.) I needed them and she made my job ten times harder Cus I had to make new versions of the info, half which I had made before just using her computer. She was being a bi##h and there's no excursion for it
Click to expand...

Damn iPhone auto correct *EXCUSE* Not excursion
 






I see a positive side to that post. He would be forced to sell his shares and lose more control of the company, and you will still be employed, but under new management.
 


















Anonymous said:
Originally Posted by Anonymous
HFG Underwrites $43 Million Financing for Bostwick Laboratories

Tuesday, July 19, 2011
Healthcare Finance Group, LLC (HFG) announced that it has underwritten a $43 million senior secured credit facility for Bostwick Laboratories, Inc.

The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.

The purpose of the financing was to refinance certain components of Bostwick's existing capital structure, including a revolving line of credit, term loans and an interest rate swap.

Gregory Geisz, Bostwick's VP of Finance, commented, "The continued growth of our company requires a lender that understands our current and future needs for capital, the healthcare regulatory environment and the surrounding issues that accompany the growth we expect. It was great to work with a finance company that truly understands the healthcare industry and looks at our long term overall prospects."

Regarding the transaction, HFG's SVP Steven Goldsmith said, "This is a growth-oriented company that is well-positioned for a much anticipated market consolidation and we are excited about our participation in their expansion. Our senior debt facility will assist with their growth and provide additional resources to support their objectives."

All of these terms:
The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.
say it is a LOAN not a buyout........Bostwick is "securing" the loan with something, maybe stock.....who knows but there is noting in the announcement that says it is anything but a loan!!!
Click to expand...

Is the collateral for the $43 M secured loan the buildings? Probably they are short sells (depreciated prices) at this point.
 






Anonymous said:
Originally Posted by Anonymous
HFG Underwrites $43 Million Financing for Bostwick Laboratories

Tuesday, July 19, 2011
Healthcare Finance Group, LLC (HFG) announced that it has underwritten a $43 million senior secured credit facility for Bostwick Laboratories, Inc.

The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.

The purpose of the financing was to refinance certain components of Bostwick's existing capital structure, including a revolving line of credit, term loans and an interest rate swap.

Gregory Geisz, Bostwick's VP of Finance, commented, "The continued growth of our company requires a lender that understands our current and future needs for capital, the healthcare regulatory environment and the surrounding issues that accompany the growth we expect. It was great to work with a finance company that truly understands the healthcare industry and looks at our long term overall prospects."

Regarding the transaction, HFG's SVP Steven Goldsmith said, "This is a growth-oriented company that is well-positioned for a much anticipated market consolidation and we are excited about our participation in their expansion. Our senior debt facility will assist with their growth and provide additional resources to support their objectives."

All of these terms:
The $43 million senior secured credit facility is comprised of a $20 million revolving line of credit, a $15 million senior secured term loan A and an $8 million senior secured term loan B.
say it is a LOAN not a buyout........Bostwick is "securing" the loan with something, maybe stock.....who knows but there is noting in the announcement that says it is anything but a loan!!!
Click to expand...

A subprime loan, maybe?
 












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