Halitron, Inc. announced closing on a credit facility to fund its 2017 growth plan. Halitron announced in its press release of February 27, 2017 that it was targeting to raise the $300,000 necessary to increase sales of its four existing legacy brands to between $3 million to $5 million annually. Management announced the $300,000 debt financing is in the form of a "non-toxic" (the debt thereunder is not convertible into equity at a discount to prevailing market prices), one year credit facility whereby the Company may draw down minimum increments of $5,000, up to a total of $300,000, which carries an annual interest rate of 8%. The credit facility has a due date of 12 months from the date of each draw down, and the ability to draw down expires in 12 months. There are no prepayment penalties. The plan is to utilize the capital cautiously and correlate the incoming capital directly to increasing shareholder value through growth in sales, future acquisitions, and further developing the Halitron corporate pedigree.