Boston-based State Street Bank and Trust Co. issued a $15 million unsecured line of credit to Applied Cellular Technology Inc. of Palm Beach, Fla. The credit line, which is expected to become available by the end of the month, will be funded at the prime rate.

Applied Cellular said Thursday it will use the credit for working capital within the company's subsidiaries and for general corporate purposes.

- Compiled by J. Alex Tarquinio

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