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Does CCS Medical have enough cash to operate the business?

April 26, 2017Business cash CCS medical operate

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Does CCS Medical have enough cash to operate the business?

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We have ample cash on hand that, when combined with cash generated from ongoing operations, we believe will be sufficient to support the business during the restructuring process. We also received a commitment from a group of our existing lenders for $10 million in a specialized type of financing for companies in our situation, known as debtor-in-possession (DIP) financing, which we can use to support the business as necessary.