Mitralign Receives $5m Senior Secured Credit Facility from GE Capital

Mitralign, Inc., a Tewksbury, Massachusetts-based company developing an innovative, catheter-based method to effectively treat mitral regurgitation in patients suffering from congestive heart failure, has received a $5m senior secured credit facility from GE Capital, Healthcare Financial Services.
The credit facility will be used for working capital as Mitralign advances development of its mitral valve repair device.
Commenting on the financing, John Schulte, chief executive officer of the company, was quoted as saying: “We were looking for a lender that knew our business and had unsurpassed financing expertise, and GE Capital, Healthcare Financial Services met all of our business needs”.

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