Sunday, March 02, 2003

Martek borrows $10 million from Allfirst - 2003-02-26 - Washington Business Journal Martek borrows $10 million from Allfirst

"Martek Biosciences said Wednesday that it has closed on a one-year, $10 million working capital line of credit with Baltimore-based Allfirst Bank.

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Columbia-based Martek said it plans to use the new credit for "general corporate purposes," including funding expansion of its manufacturing operations.

Martek makes nutritional oils for infant formula, nutritional supplements aimed at boosting mental and cardiovascular health, and a line of fluorescent markers for use in diagnostic tests."

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