General Electric Company : GE Capital Closes $4 Million Multi-Draw Term Loan Facility for Femasys, Inc.
06/08/2012| 08:05am US/Eastern
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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
business's 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
ned.reynolds@ge.com
or
GE
Capital, Healthcare Financial Services
Samia Magbie, 301-664-9859
samia.magbie@ge.com
© Business Wire 2012
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