Lighting Science Group enters into new $53M credit facility

Lighting Science has entered into a new $53 million credit facility agented by Medley Capital Corp. Proceeds from the transaction will be used to refinance existing debt and to fund operations as the company focuses increasingly on LED retrofit lamps that deliver biologically-corrected light. The lamps are part of the human-centric lighting trend and deliver spectral distributions that can either increase alertness or encourage rest.