GE Capital Closes $4 Million Multi-Draw Term Loan Facility for Femasys, Inc.
BETHESDA, Md.--(BUSINESS WIRE)-- GE Capital, Healthcare Financial Services announced today that it was sole lender and administrative agent on a $4 million multi-draw senior secured term loan facility for Femasys, Inc. The financing will be used for working capital to support new product development and commercialization efforts.
Founded in 2004 in Suwanee, GA, Femasys is a privately held medical device company focusing on women's healthcare with innovative devices designed exclusively for use in the physician's office. Femasys products enhance and improve treatment options for women with a focus on patient comfort and convenience.
We are a rapidly growing company so it is important to obtain flexible financing that will position us for continued growth and support our businesss lifecycle needs, said Kathy Lee-Sepsick, chief executive officer of Femasys, Inc. GE Capital earned our business because their life sciences team understood the unique dynamics of our industry and provided a solution that met our needs.
We take pride in supporting healthcare innovation through the credit facilities we provide to promising companies like Femasys, said Anthony Storino, senior managing director, GE Capital, Healthcare Financial Services, Life Sciences. Our team is focused exclusively on understanding and providing optimal financing to support life sciences companies.
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services has provided more than $60 billion in financing over ten years to companies in over 40 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Ned Reynolds, 203-229-5717
GE Capital, Healthcare Financial Services
Samia Magbie, 301-664-9859
Source: GE CapitalCopyright Business Wire 2012