GE Capital Closes $21.5 Million Senior Secured Credit Facility for Amedica Corporation (press release)
GE Capital, Healthcare Financial Services announced today that it is serving as administrative agent on a $21.5 million senior secured credit facility for Amedica Corporation. The financing will be used for working capital to support growth.
“We’re pleased to support companies such as Amedica that bring advanced technologies and solutions to the market and help to revolutionize their industries.”
Headquartered in Salt Lake City, Amedica is a spine and orthopedic implant and device manufacturing and distribution company that provides advanced surgical applications. The company’s Silicon Nitride platform technologies represent a new standard for implants and biologics based on performance, safety and efficacy. Scientific and peer-reviewed data has proven the ability of Silicon Nitride-based interbody fusion devices to promote bone on-growth, minimize infection risk and increase the potential for fusion in comparison to PEEK and titanium.
“The financing provided by GE Capital is key to fueling our commercialization efforts and supporting our goal of improving the standard of care f...
