A Medical Device Daily

Citibank (New York) reported that it has provided a $16 million credit facility to Hiossen (Philadelphia) a producer of surgical dental implants and a U.S. subsidiary of Osstem Implant (Seoul, South Korea). The loan will be used to assist Hiossen in expanding its U.S. manufacturing and distribution system.

Citibank's International Banking Sector, a dedicated team within the U.S. Commercial Banking Group, which specializes in serving the financial service needs of international companies doing business in the U.S., facilitated the deal. Together, Citibank's Philadelphia-based Commercial Banking Group and Citibank Korea played integral roles in the process.