COLUMBIA, Md.--(BUSINESS WIRE)--CELSION CORPORATION (AMEX: CLN) today announced that it has closed on a $6,500,000 credit facility with M&T Bank. The terms of the agreement allow for draws against the facility in amounts up to $1,500,000 per month, up to a maximum of $6,500,000. The loan bears interest at LIBOR plus 2.75% and is due and payable on June 21, 2008.
