Brought to you by 
CryoLife secures $255mm in credit facilities to finance Jotec purchase
01 Nov 2017
Executive Summary
CryoLife Inc., concurrent with its $225mm cash and stock acquisition of aortic repair company Jotec, secured new $255mm credit facilities underwritten by Deutsche Bank, Capital One, and Fifth Third Bank. One is a $225mm term loan and the other is a $30mm undrawn revolving credit facility. CryoLIfe doesn’t expect to draw down the credit line, but the money is there if it needs it. The company will use the money to finance the $168.75mm cash portion of its Jotec purchase and to refinance an existing $69mm term loan.
Deal Industry
- Biotechnology
- Medical Devices
-
Medical Devices
- Biomaterials
- Implantable Devices
Deal Status
- Final
Deal Type
-
Financing
- Nonconvertible Debt
- Private Placement
Already a Biomedtracker subscriber?
You have access to the full deal record through your subscription
Want to become a subscriber?
Subscribers get more deal details, updates, deal financials and deal products.
Questions?
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
Related Companies
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
CryoLife secures $255mm in credit facilities to finance Jotec purchase
Email Deal
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
DCD.EmailPopout.Notice