BioHiTech Global Secures New $1M Credit Facility with Comerica Bank

About this update from Renovare Environmental, Inc.

BioHiTech Global Secures New $1M Credit Facility with Comerica Bank /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } BioHiTech Global Secures New $1M Credit Facility with Comerica Bank PR Newswire CHESTNUT RIDGE, N.Y., Feb. 8, 2018 CHESTNUT RIDGE, N.Y., Feb. 8, 2018 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (OTCQB: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions announced today that it has secured a new $1 million credit facility with Comerica Bank. This new credit facility will provide additional financial flexibility to fuel the growth of the Company's recurring revenue stream from its on-site food waste digester products. "We are pleased to establish this credit facility with BioHiTech to support the growth of the Company's innovative suite of environmental technology solutions," said Joseph Ursuy, Senior Vice President of Comerica's Environmental Services Department. "As the traditional waste industry continues to evolve, we believe BioHiTech's unique business model will be helpful in achieving long-term growth and we look forward to providing the capital to fuel that expansion." "We continue to build a solid recurring revenue stream from our on-site food waste disposal solutions and this new facility will only serve to accelerate the growth of that business," said Frank E. Celli, Chief Executive Officer of BioHiTech Global. "With the completion of this facility as well as our new $5M debt financing, we now have significant financial resources to forge ahead with our plan to build a vertically integrated disposal company that marries technology with traditional services to achieve cost-effective and sustainable waste management." About Comerica Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with ...

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