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July 06, 2015 12:45 PM ET

Healthcare Equipment and Supplies

Company Overview of K2M, Inc.

Company Overview

K2M, Inc. engages in the research, development, and commercialization of solutions for the treatment of spinal pathologies and procedures. It offers deformity correction systems, spinal stabilization systems, lateral access systems, minimally invasive systems, and constrained and translational cervical plates. The company also provides motion preservation, annular repair, and nucleus replacement technologies for the treatment of deformity, degenerative, trauma, and tumor spinal patients. In addition, it offers osteobiologic systems that enhance bone regeneration after spine surgery and allograft systems; foam strips and granules bone graft systems; small corpectomy cage system to address col...

751 Miller Drive SE

Suite F-1

Leesburg, VA 20175

United States

Founded in 2004

Phone:

703-777-3155

Fax:

703-777-4338

Key Executives for K2M, Inc.

Co-Founder, Chief Executive Officer, President and Director
Age: 45
Co-Founder, Chief Medical Officer, Chief Scientific Officer, Head of Board of Scientific Advisors and Director
Age: 77
Chief Financial Officer
Age: 45
Senior Vice President of Operations
Senior Vice President, Compliance Officer, General Counsel and Secretary
Compensation as of Fiscal Year 2015.

K2M, Inc. Key Developments

K2M, Inc. and K2M UK Limited Enters into Seventh Amendment to Senior Secured Credit Agreement

On June 5, 2015, subsidiaries of K2M Group Holdings, Inc. entered into the Seventh Amendment to the company's senior secured credit agreement, dated as of October 29, 2012 by and among K2M Holdings Inc. as the guarantor, K2M, Inc. and K2M UK Limited as the borrowers and Silicon Valley Bank and Comerica Bank as lenders. The Seventh Amendment modifies the definition of ‘Change of Control’ to limit the set of circumstances in which a change of control is deemed to have occurred.

K2M Announces Amendments to Its Credit Agreement

On January 7, 2015, subsidiaries of K2M Group Holdings, Inc. entered into an amendment to the company's senior secured credit facilities credit agreement, dated as of October 29, 2012, by and among K2M Holdings, Inc. as the guarantor, K2M, Inc. and K2M UK Limited as the borrower, and Silicon Valley Bank and Comerica Bank as lenders. The Fifth Amendment, among other things, amended and restated the definition of "Available Revolving Commitment" under the Credit Agreement in order to exclude the Company's issued and outstanding Letters of Credit under the Credit Agreement's $10 million Letter of Credit sub-facility from the calculation of the Company's borrowing capacity under the Credit Agreement. The Letters of Credit will be considered when determining the Total Revolving Commitments, as defined under the Credit Agreement, which, remain unchanged at $40 million.

K2M, Inc. Receives 510(K) Clearance from the FDA for its CAPRI Corpectomy Cage System

K2M, Inc. received 510(k) clearance from the FDA for its CAPRI Corpectomy Cage System, an expandable vertebral body replacement device that provides structural stability following a corpectomy or vertebrectomy. The CAPRI Corpectomy Cage System is intended for use in the thoracolumbar spine (T1 to L5) to replace collapsed, damaged or unstable vertebral bodies due to tumor or trauma. The CAPRI Corpectomy Cage System is designed to provide anterior spinal column support even in the absence of fusion for a prolonged period.

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