ZILA Zila (MM)

STAMFORD, Conn., April 4 /PRNewswire/ -- Black Diamond Commercial Finance, L.L.C., a privately held, independent commercial finance company, has provided a $40 million senior secured credit facility for Zila, Inc. (NASDAQ:ZILA), a leading innovator in preventive healthcare technologies and products that emphasize enhanced body defense and the detection of pre-disease states. The $40 million credit facility consists of a $20 million two-year term loan that was funded at close and a $20 million expansion facility, which the company may utilize subject to meeting certain conditions. Zila will use the proceeds to refinance its existing debt, to provide additional liquidity and for other general corporate purposes. "This new credit facility provided by Black Diamond Commercial Finance continues Zila on its path to becoming the leader in preventive healthcare technologies," said Doug Burkett, Chief Executive Officer of Zila. "The increased liquidity gives us much more flexibility to grow our business and to capitalize on future strategic opportunities." "We are very impressed with Zila's businesses and management team," said Stuart Armstrong, President of Black Diamond Commercial Finance. "We are excited to begin this relationship and to provide Zila with a flexible capital solution to help them achieve their short and long term business goals." About Zila, Inc. Zila, Inc. is an innovator in preventive healthcare technologies and products that emphasize enhanced body defense and the detection of pre-disease states. The two principal lines of business are Zila-Nutraceuticals and Zila-Pharma/Bio. Zila-Nutraceuticals, through its Ester brand product line, is a world class supplier of premium, branded, patent protected bulk vitamin ingredients sold worldwide to supplement manufacturers and marketers for use in vitamin/nutritional supplements. Zila Pharma/Bio develops, manufactures and markets a suite of professional products targeting the dental community. Such products promote oral health through the early detection and treatment of disease and pre-disease states. About Black Diamond Commercial Finance, L.L.C. Black Diamond Commercial Finance (BDCF) is a privately held, independent commercial finance company that provides capital and financial solutions to the corporate market. BDCF's products include term loans, revolving lines of credit, rescue and restructuring capital, acquisition and bridge loan financings and second lien term loans. BDCF provides financings in most industries including healthcare, transportation, real estate, media/broadcasting, energy, gaming, telecom, consumer products and general manufacturing. BDCF's headquarters are located in Stamford, CT. DATASOURCE: Black Diamond Commercial Finance, L.L.C. CONTACT: Jeff Lloyd or Giovanna Falbo, of Sitrick And Company, +1-212-573-6100

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