Financings in Brief: Female Health Company
This article was originally published in The Gray Sheet
Executive Summary
Female Health Company: Eliminates $1.8 mil. in debt and raises $1.1 mil. in working capital by selling its London, U.K. manufacturing facility and signing a 20-year lease from the buyer. The company said the move will help it "increase production to meet increased demand" for its female condom product, marketed under the trade name Reality in the U.S. The female condom is manufactured exclusively at the London facility. Female Health Company says it will retain ownership of manufacturing equipment housed at the plant...