HIOSSEN, Inc., a producer of surgical dental implants and the US subsidiary of OSSTEM IMPLANT Co., Ltd., has received $16 million credit facility with Citibank. The credit facility will be used to assist HIOSSEN, Inc. in expanding its US manufacturing and distribution system.
Citibank’s International Banking Sector which engages in serving the financial service needs of international companies doing business in the US, facilitated the transaction. Together, Citibank’s Philadelphia-based Commercial Banking Group and Citibank Korea played integral roles in the process.