Healthcare Equipment and Supplies
Company Overview of K2M, Inc.
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
Leesburg, VA 20175
Founded in 2004
Key Executives for K2M, Inc.
Co-Founder, Chief Executive Officer, President and Director
Co-Founder, Chief Medical Officer, Chief Scientific Officer, Head of Board of Scientific Advisors and Director
Senior Vice President of Operations
Senior Vice President, Compliance Officer, General Counsel and Secretary
Compensation as of Fiscal Year 2016.
K2M, Inc. Key Developments
K2M, Inc. Presents at 15th Annual Needham Healthcare Conference, Apr-12-2016 11:20 AM
Mar 24 16
K2M, Inc. Presents at 15th Annual Needham Healthcare Conference, Apr-12-2016 11:20 AM. Venue: The Westin NY Grand Central Hotel, 212 East 42nd Street, New York, NY 10017, United States.
K2M, Inc. and K2M UK Limited Enter into Amendment to Senior Secured Credit Facilities Credit Agreement
Nov 3 15
On October 29, 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 (as amended from time to time), 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 Eighth Amendment, among other things, extends the maturity date of the revolving credit facility to October 29, 2017 and increases the total revolving commitments from $40 million to $55 million. 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 LIBOR, plus 3.00%. The total obligations under the amended credit facility cannot exceed, the lesser of the total revolving commitment of $55 million or the borrowing base, which is calculated as 85% of accounts receivable so long as certain of those accounts receivable do not exceed, in the aggregate, 50% of the borrowing base plus 50% of the value of the eligible inventory provided that the contribution of the value of the eligible inventory not exceed the lesser of 40% of the borrowing base or $15 million plus up to $7.5 million to the extent the Borrower and its subsidiaries maintain at least $12.5 million on deposit with a lender or an affiliate of a lender. Borrowings under the revolving credit facility remain secured by a first priority lien on substantially all of the Borrower's personal property assets, including intellectual property. The revolving credit facility also continues to contain other restrictive covenants with which the Guarantor and/or Borrower must comply, including restrictive covenants which limit the ability to pay dividends on common stock and make certain investments.
K2M, Inc. and K2M UK Limited Enters into Seventh Amendment to Senior Secured Credit Agreement
Jun 5 15
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.
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