CARLSBAD, Calif., June 12, 2012 (GLOBE NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, announced today that it has entered into a new, three year revolving line of credit with MidCap Financial, replacing the Company's former credit facility. The new credit line provides the Company with access to up to $40 million, plus an opportunity to borrow an additional $10 million of mezzanine credit, with the actual borrowing base being subject to limitation established by the Company's eligible accounts receivable and inventory. The new facility offers more favorable terms.
