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“HALO bought out the position of our senior, secured lender and has agreed to provide Debtor-in-possession (DIP) financing, which was a crucial first step in a successful transition of the business," added Laidig. "This financing will assure all Newton orders that are shipped and billed from today forward will be paid in the normal course of business. The confidence this will provide our suppliers in filling our orders will have an immediate and positive impact on our ability to serve the Newton sales force and their customers.”
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