Wingspire Capital provided a $35 million senior secured revolving credit facility to Advita Ortho, a global orthopedic solutions and integrated surgical solutions provider.
Proceeds of the revolver will be used for general corporate purposes as Advita expands sales of its portfolio of established product lines including the Equinoxe Shoulder, Vantage Ankle, Alteon Hip, Truliant Knee, Newton balancing technology and GPS navigation, along with distribution of products including the Spartan Hip and Triverse Knee lines. Advita acquired those assets along with a team of experienced employees, surgeons, and innovators, during the restructuring of Exactech.
“Wingspire Capital is pleased to provide a flexible capital solution that helps Advita accelerate its position as a leader in orthopedic implants and surgical navigation technology,” Mark Klaassens, managing director at Wingspire Capital, said.
