Daily News: January 21, 2016

Capital One, Fifth Third, Others Commit $95MM to Support CryoLife Buy


CryoLife, a medical device and tissue processing company focused on cardiac and vascular surgery, has completed its previously announced acquisition of On-X Life Technologies Holdings, an Austin, TX-based, privately held mechanical heart valve company.

According to a related 8-K filing, CryoLife entered into a debt commitment letter with Capital One, Healthcare Financial Solutions, Fifth Third and Citizens Bank to provide the company with a $95 million senior secured credit facility to finance, in part, the acquisition of On-X Life Technology Holdings.