Artivion obtains $350 million in senior secured credit facilities

Non-dilutive financing provides comprehensive solution to address debt maturities  and provide flexibility to further optimize capital structure atlanta , jan. 18, 2024 /prnewswire/ -- artivion, inc. (nyse: aort), a leading cardiac and vascular surgery company focused on aortic disease, today announced the closing of a comprehensive, non- dilutive definitive credit agreement with ares management credit funds for $350 million of senior secured, interest-only, credit facilities with 6-year maturities. the credit facilities include an initial $190 million term loan, a $60 million revolving credit facility, and an additional $100 million in unfunded delayed draw term loan commitments that may be drawn to refinance the company's convertible bonds at any time on or prior to the maturity of the convertible bonds, subject to customary conditions.
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