SeraCare Life Sciences Inc. paid off its $10 million revolving credit facility with GE Capital and inked a purchase and sale agreement for its former headquarters in West Bridgewater, Mass., for $1.35 million, according to a filing with the federal Securities and Exchange Commission.
The life sciences service provider consolidated its HQ, research and manufacturing operations in Milford, Mass., last year, prompting it to put its West Bridgewater property on the market. The deal, set to close in December, will allow SeraCare to pay off the $1.2 million mortgage on the property.
Closing down the credit line, which was paid in full as of Sept. 30, doesn’t entail any early termination fees even though it was originally set to expire June 4, 2010.