Hamilton Thorne Ltd. reported that it has converted the recent USD 5 million drawdown under its acquisition line of credit to support the acquisition of IVFtech to a 5-year, fixed rate term note. In addition, its bank has agreed to renew and expand its acquisition line of credit to USD 8 million to support growth a d future acquisitions, and to extend its USD 4.5 million bank operating line of credit for an additional year to July 2023. Highlights: Conversion of acquisition line of credit drawdown to a 5-year, fixed rate term note effective July 23: Interest rate fixed at 3.32% per annum for the life of the loan. Amortizing loan with fixed monthly principal payments of USD 83.3 thousand plus interest. Operating line of credit provides for advances up to USD 4.5 million: Existing line extended to July 31, 2023, with annual renewals for additional one-year periods. Interest at prime rate. No periodic paydowns required. Bank advances based on borrowing base (eligible accounts receivable and inventory). Acquisition line of credit provides for advances up to USD 8.0 million: Line increased from previous USD 5 million; Interest at prime rate; Requires conversion to five year, fixed-rate term loans when balance exceeds USD 1 million;Bank advances up to 55% of target acquisition purchase price.