GE Capital Closes $4 Million Term Loan Facility for Femasys
GE Capital, Healthcare Financial Services announced that it was sole lender and administrative agent on a $4 million multi-draw senior secured term loan facility for Femasys, Inc. The financing will be used for working capital to support new product development and commercialization efforts.
Founded in 2004 in Suwanee, GA, Femasys is a privately held medical device company focusing on women’s healthcare with innovative devices designed exclusively for use in the physician’s office. Femasys’ products enhance and improve treatment options for women with a focus on patient comfort and convenience.
“We are a rapidly growing company so it is important to obtain flexible financing that will position us for continued growth and support our business’s lifecycle needs,” said Kathy Lee-Sepsick, chief executive officer of Femasys, Inc. “GE Capital earned our business because their life sciences team understood the unique dynamics of our industry and provided a solution that met our needs.”
“We take pride in supporting healthcare innovation through the credit facilities we provide to promising companies like Femasys,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “Our team is focused exclusively on understanding and providing optimal financing to support life sciences companies.”