SeaSpine Secures 3-Year Credit Facility With Wells Fargo Capital Finance

SeaSpine Holdings has signed a three-year credit facility with Wells Fargo Capital Finance that will provide up to $30 million in borrowing capacity.

Keith Valentine, president and CEO of SeaSpine, says the facility will accelerate several strategic objectives, including expansion of the company’s orthobiologics manufacturing capacity and new product launches in its hardware business. It also will provide additional capital to pursue acquisitions Valentine added.

The agreement contains an option for a fourth year. — Michael Cipriano