Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 22, 2015 5:25 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: 44
Co-Founder, Chief Medical Officer, Chief Scientific Officer, Head of Board of Scientific Advisors and Director
Age: 76
Chief Financial Officer
Age: 44
Senior Vice President of Operations
Senior Vice President, Compliance Officer, General Counsel and Secretary
Compensation as of Fiscal Year 2014.

K2M, Inc. Key Developments

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.

K2M Group Holdings, Inc., K2M, Inc. and K2M UK Limited Limited Announces Fourth Amendment to Senior Secured Credit Facilities Credit Agreement

On October 21, 2014, 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 Fourth Amendment, among other things, extends the maturity date of the revolving credit facility to October 2015, increases the total revolving commitments from $30 million to $40 million and increases the letter of credit sub-facility from $1 million to $10 million. In addition, the Fourth Amendment removes the sub-facility provided by the Export-Import Bank of the United States, which had been a party to the prior loan agreements. ABR loans under the revolving credit facility bear interest at a rate per annum equal to ABR, plus 0.75%. LIBOR loans under the revolving credit facility bear interest at a rate per annum equal to the greater of (i) LIBOR, plus 2.50% or (ii) 3.75%. The total obligations under the amended credit facility cannot exceed (i) the lesser of the total revolving commitment of $40 million or (ii) the borrowing base, which is calculated as (x) 85% of accounts receivable so long as certain of those accounts receivable do not exceed, in the aggregate, 50% of the borrowing base plus (y) 35% of the value of the eligible inventory provided that the contribution of the value of the eligible inventory not exceed the less of 40% of the borrowing base or $10 million. Borrowings under the revolving credit facility remain secured by a first priority lien on all of the Borrower's personal property assets, including intellectual property.

Similar Private Companies By Industry

Company Name Region
Preferred Surgical Products L.L.C United States
Global Surgical Products, LLC United States
HandyLab, Inc. United States
Oxus Medical, Inc. United States
Cascade Ophthalmics, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact K2M, Inc., please visit www.k2m.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.