Daily News: June 20, 2013

GE Capital Provides $7.5MM Facility to OraMetrix

GE Capital, Healthcare Financial Services said it is serving as administrative agent and sole lender on a $7.5 million multi-draw senior secured term loan facility for OraMetrix. The financing will be used for working capital and to support growth initiatives.

Headquartered in Richardson, TX, OraMetrix is an industry provider of 3-D technology solutions that improve the quality and efficiency of orthodontic care. Its innovative, proprietary technology, the SureSmile system, provides doctors with increased precision, efficiency and control, while patients experience shorter treatment times, less overall discomfort and fewer office visits.

“GE took the time to truly understand the dynamics of our unique business model,” said Charles Abraham, CEO of OraMetrix. “Throughout the process, they worked closely with us and customized financing to meet our market expansion objectives.”

“Our specialty is providing life sciences companies with business-building capital,” said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. “We are pleased to support innovative companies such as OraMetrix who operate in rapidly evolving industries and require flexibility as their business objectives and financing needs naturally evolve over time.”