Daily News: November 6, 2013

GE Capital Agents Infraredx $13.4MM Facility Increase

GE Capital, Healthcare Financial Services announced that it amended its existing $6.6 million senior secured credit facility to Infraredx to provide an additional $13.4 million multi-draw term loan facility, and to modify the terms of the existing facility. GE Capital, Healthcare Financial Services is acting as administrative agent for the credit facility. The financing will be used to support the company’s commercialization efforts.

“Once again, we chose GE for our lender because they are highly knowledgeable about our industry and work closely with us to meet our financing needs,” said Michael Guarasci, CFO for Infraredx. “The additional capital GE has provided will be critical as we continue our commercialization efforts.”

“We’re pleased to provide customized financing to an innovative medical device company like Infraredx,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We’ve been their lender for several years and appreciate the opportunity to continue supporting their growth.”

Based in Burlington, MA, Infraredx is a medical device company helping to provide practitioners with the information needed for enhanced clinical decision making in treating coronary artery disease.