Kalamazoo Medical Device Startup Raises $9.5MAblative Solutions Inc. Tuesday announced a $9.5 million Series B Preferred Stock financing, led by Petoskey-based BioStar Ventures and Grand Rapids-based Michigan Accelerator Fund 1.
X-Rite Refinances Debt, Pays Off Preferred SharesGrand Rapids-based X-Rite Inc. Wednesday announced that the company has entered into a new $225 million senior secured credit facility with Bank of America, Fifth Third Bank, and GE Capital Corporation as co-lead and syndication agents, and said it would use some of the proceeds to pay off preferred stock.

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