Investment Firms Offer Loan Deal To SeraCare

Law360, New York (August 18, 2006, 12:00 AM EDT) -- A group of investment firms has agreed to infuse bankrupt SeraCare Life Sciences Inc. with a $15 million loan, which the company plans to use to repay its senior creditors.

The syndicate of investors proposed the original loan, which could be increased to as much as $25 million and which would be substituted with a convertible loan when SeraCare emerges from Chapter 11, according to court documents filed Thursday in the U.S. Bankruptcy Court for the Southern District of California.

The group of investors includes Cohanzick...
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