Solta Medical, Inc. Sets Up $60 Million Credit Deal

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Solta Medical Inc. made a deal to borrow up to $60 million at an interest rate of 13.5 percent per year. The rate is nearly double the current junk bond rates, which are currently at about 7 percent. Hayward-based Solta (NASDAQ: SLTM) will take money in two tranches under this deal, made with Capital Royalty Partners.

Help employers find you! Check out all the jobs and post your resume.

MORE ON THIS TOPIC