GE Capital Provides $6 Million Term Loan Facility to Delphinus Medical Technologies, Inc.
BETHESDA, Md.--(BUSINESS WIRE)-- GE Capital, Healthcare Financial Services, announced today that it is serving as administrative agent and sole lender on a $6 million senior secured multi-draw term loan for Delphinus Medical Technologies, Inc. The company intends to use the financing primarily for clinical and early commercialization efforts.
"GE delivered extremely competitive financing that met our needs directly," said William Greenway, CEO of Delphinus Medical Technologies. "They also impressed us with their ability to move quickly through the process and close a complex transaction in a short timeframe."
"Utilizing our industry and finance expertise, we customized financing that aligned with Delphinus' short and long-term capital needs," said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. "We will continue to work closely with Delphinus as they move down the path of developing and commercializing their innovative technology."
Headquartered in Plymouth, MI, Delphinus Medical Technologies is the innovator and developer of the SoftVue™ whole breast tomography system. The patented technology provides no radiation, no compression, and is not dependent on operator skills. Delphinus has filed with the U.S. Food and Drug Administration for clearance to commercialize the technology.
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 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, visit gecapital.com/healthcare.
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 (NYS: 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
Allison Perkins, 203-229-1447
KEYWORDS: United States North America Maryland
The article GE Capital Provides $6 Million Term Loan Facility to Delphinus Medical Technologies, Inc. originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.