Stereotaxis renews its revolving credit facility

|By:, SA News Editor

Stereotaxis (STXS +8.3%) gains after saying it's renewed a $3M revolving credit facility with Silicon Valley Bank to extend through March 31, 2014.

The healthcare technology company said the prepayment premium was eliminated from the agreement, allowing it to repay the outstanding amount under the existing facility before its maturity date of December 2013, without penalty.