Amount Raised
$150 Million
Round Type
Debt Financing
Ponte VedraManufacturingBiotechnologyHealthcareHealth CareMedicalMedical DeviceDescription
Treace Medical Concepts, Inc. (“Treace” or the “Company”) (Nasdaq: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has entered into a new five-year $150 million loan arrangement with MidCap Financial, comprising up to $120 million in term loans and a $30 million revolving credit facility. Proceeds from the new term loan refinanced the Company’s existing $30 million term loan from CR Group LP. In addition, the new revolving credit facility will expand the Company’s revolving credit capacity and replace the undrawn existing $10 million revolving credit facility from Silicon Valley Bank.
Quick answer
Treace raised $150 Million in a Debt Financing round, dated May 2, 2022. Treace is based in Ponte Vedra, Florida, United States.
- How much did Treace raise?
- Treace raised $150 Million in a Debt Financing round on May 2, 2022.
- What does Treace do?
- Treace Medical Concepts, Inc. is a medical technology company with the goal of advancing the standard of care for the surgical management of bunion deformities and related midfoot correction.
- Where is Treace based and how big is it?
- Treace is based in Ponte Vedra, Florida, United States.
- Who are the decision-makers at Treace?
- Fundz holds 1 contact at Treace. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Healthcare and Medical around the same time
Companies in the same sectors as Treace that raised within 45 days of this round, from Fundz verified event records.
- Sanara MedTech raised $14M on June 2, 2022.
- ENDRA Life Sciences raised $8.7M (Post-IPO Equity) on April 21, 2022.
- Candesant Biomedical, Inc. raised $35M on April 12, 2022.
- Flyte raised $75K (Seed) on March 31, 2022.
- Harvard Apparatus Regenerative Technology raised $5.1M on June 8, 2022.
- Rockwell Medical raised $15M (Funding Round) on June 7, 2022.
Who to call at Treace, and when
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- An alert the day Treace raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Treace, from your own LinkedIn network
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Related People
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