Alphatec inks expanded $73M credit facility

|About: Alphatec Holdings, Inc. (ATEC)|By:, SA News Editor

Alphatec (ATEC -1.5%) secures an expanded $73M credit agreement from MidCap Financial. The revised facility consists of a $33M term loan due in 2016 and a $40M revolver.

The company will use the funds for "ongoing operational and commercial activities" and as "additional capacity for future accretive transactions."