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United Kingdom

Alphatec Holdings Inc-On March 7, Co Entered Into Firm Letter Of Commitment For Expanded Credit Facility With Squadron Medical Finance Solutions Llc


Thursday, 7 Mar 2019 

March 7 (Reuters) - Alphatec Holdings Inc ::ALPHATEC HOLDINGS INC-ON MARCH 7, CO ENTERED INTO FIRM LETTER OF COMMITMENT FOR EXPANDED CREDIT FACILITY WITH SQUADRON MEDICAL FINANCE SOLUTIONS LLC.ALPHATEC HOLDINGS-EXPANDED CREDIT FACILITY WITH SQUADRON MEDICAL FINANCE SOLUTIONS LLC FOR UP TO $30 MILLION IN ADDITIONAL SECURED FINANCING FROM SQUADRON.ALPHATEC HOLDINGS INC - DRAWS ON FACILITY WILL BEAR INTEREST AT LIBOR PLUS 8% (CURRENTLY 10.5%), SUBJECT TO A 10% FLOOR AND A 13% CEILING.ALPHATEC HOLDINGS INC - COMPANY EXPECTS DEFINITIVE DOCUMENTATION TO BE COMPLETED BEFORE END OF MARCH 2019.ALPHATEC HOLDINGS INC - ADDITIONAL BORROWINGS UNDER CREDIT FACILITY WILL MATURE CONCURRENT WITH CURRENT SECURED FINANCING FROM SQUADRON. 

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13 Sep 2019