BETHESDA, Md.--(BUSINESS WIRE)--GE Capital’s Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $12.5 million for Cardiva Medical, Inc. The financing is comprised of a $10 million term loan and a $2.5 million asset-based revolving loan.
The funds will provide working capital as the company continues to ramp up the commercialization of its vascular closure product line, which includes Cardiva Catalyst® and VASCADE®. VASCADE was approved by the FDA in 2013, and approved for CE marking in 2012. Catalyst II and Catalyst III were cleared for marketing by the FDA in 2007 and 2009, respectively.
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