IP Innovations Financial Services, a guarantor of loans secured by intellectual property, has closed a deal on a $15 million revolving credit facility with Cambridge Display Technology, marking IPI's second transaction.

Under the agreement, IPI provides credit enhancement to London-based Lloyds TSB, enabling the bank to underwrite the $15 million facility. CDT develops next-generation technology for flat panel displays like those used in computers, cell phones and PDAs. There are currently more than 100 patents in the company's portfolio.

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