Treace Medical Concepts, Inc. secured a new five-year $175 million senior secured loan arrangement with credit funds managed by SLR Capital Partners.
The financing includes $60 million in term loans at close, $65 million additional term loan availability, and a $50 million revolving credit facility.
Proceeds from the new term loan were used to prepay existing loans, strengthening the company's financial position.
New Financing Agreement
$175 million debt facility to enhance financial flexibility and market expansion.
Loan Details
Includes term loans, additional availability, and a revolving credit facility with favorable terms.
CEO Statement
John T. Treace emphasizes the capital-efficient vehicle to support business growth and market expansion.
Financial Position
The refinancing increases total liquidity to approximately $165 million, reinforcing the balance sheet.
- The new debt financing provides Treace Medical Concepts with the necessary capital to pursue its commercial strategies and strive for leadership in bunion surgery.
- By strengthening the balance sheet and enhancing financial flexibility, the company is well-positioned for future growth and market expansion.
Treace Medical Concepts' new $175 million debt financing agreement with SLR Capital Partners marks a significant milestone, reinforcing the company's financial strength and positioning it for continued growth and success in the medical technology sector.