GE Capital Agents $8.5 Million Senior Secured Credit Facility for Medtech
Company TYRX, Inc.
BETHESDA, Md. -- January 29, 2013
GE Capital, Healthcare Financial Services announced today that it is serving
as administrative agent on an $8.5 million in senior secured credit facility
for TYRX, Inc., consisting of a $7 million term loan and a $1.5 million
revolving line of credit. The financing will be used to refinance existing
debt, working capital and to support commercialization efforts.
TYRX, Inc. is a leader in the commercialization of implantable medical devices
designed to help reduce surgical-site infections associated with cardiac
implantable electronic devices (CIEDs) including pacemakers and implantable
“This financing provided by GE Capital plays an important role in our ability
to create and commercialize solutions for surgical-site infections associated
with implanted medical devices” said Robert White, President and CEO of TYRX.
“The GE Capital team thoroughly understands our business and structured this
loan to match our needs.”
“Customers appreciate GE Capital’s healthcare domain expertise, which allows
us to customize offerings to support their unique business objectives,” said
Anthony Storino, senior managing director, GE Capital, Healthcare Financial
Services, Life Sciences. “We are pleased to be able to provide companies like
TYRX with access to capital so that they can continue to reduce patient risks
and improve quality of life.”
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare
Financial Services has provided more than $60 billion in financing over ten
years to companies in over 45 healthcare sectors including senior housing,
hospitals, medical offices, outpatient services, pharmaceuticals and medical
devices. Our team of professionals creates business and financial solutions
tailored to meet the individual needs of our customers. For more information,
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things
that matter. The best people and the best technologies taking on the toughest
challenges. Finding solutions in energy, health and home, transportation and
finance. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Ned Reynolds, 203-229-5717
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