DG Systems Gets Financing Package

DG Systems has a new business financing package. It announced a $24.5 million revolving line of credit and an $8 million loan with JPMorgan Chase Bank and Comerica Bank California.
The company’s overall goal is to reduce its $5.8 million in outstanding net debt, the company’s CFO stated. This financing provides access to capital at attractive rates to fund growth, including acquisitions, as well as the flexibility to make share repurchases, he said.