With the credit facility, SBi will fully repay $13 million of its existing debt and will build upon its core business by funding the introduction in 2010 of several new products and improved versions of existing products for both the upper and lower limb anatomies, according to the release.
SBi also plans to build-out instrument sets to further support its product portfolio and to focus on evidence-based medicine, by developing and initiating several studies to better support clinical understanding of its product portfolio, according to the release.
Read the release about Small Bone Innovations.
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Small Bone Innovations Closes on $30M Credit Facility for Expansion
Written by Staff | December 15, 2009
New York-based Small Bone Innovations, a privately held orthopedics company focused exclusively on technologies and treatments for the small bones and joints, has closed on a $30 million credit facility, provided by Drawbridge Special Opportunities Fund, to fund accelerated business expansion and refinance existing indebtedness, according to an SBi news release.
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