Technology Services, Business Services, Industrials | Debt & Equity Financings

Adage, Inc. Completes Senior Credit Facility

  • TM Capital assisted Adage, Inc. (NASDAQ) in arranging $27 million in senior financing for acquisition and working capital purposes
  • In a simultaneous transaction, TM Capital assisted RELM Communications, Inc., a subsidiary of Adage, in negotiating the strategic acquisition of the Bendix/King Mobile Communications division of AlliedSignal Inc.
  • RELM Communications designs, develops and markets wireless communications products