Emtec, Inc. announced that the company has received new senior secured credit facilities from LBC Credit Partners. The proceeds were used to refinance the company's existing debt and to acquire Summit Technology, Inc. In addition, the new facilities provide a source of funding for limited share repurchases, working capital and future acquisitions. Emtec's advisors on the transaction included Griffin Financial Group, Stevens & Lee, and Dechert LLP.

Cozen O' Connor represented Emtec in the acquisition of Summit.