GE Capital, Healthcare Financial Services, an operating unit
General Electric Company
), recently amended the existing $6.6 million senior secured
credit facility of medical device company Infraredx, Inc. to
provide an additional multi-draw term-loan facility. It also
served as the administrative agent and sole lender for the $13.4
million-worth term loan for Infraredx. The debt financing will
augment Infraredx's liquidity and working capital requirements to
fuel further growth.
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Burlington, MA-based Infraredx improves safety and efficacy of
coronary stenting and offers medical practitioners all the
critical information for superior decision making in treating
coronary artery disease. Using proprietary TVC Imaging System,
the only intravascular imaging system that enables true vessel
characterization through simultaneous structural and
compositional imaging data, it has revolutionized the way
coronary artery disease is diagnosed and treated.
Infraredx is likely to utilize the term loan facility to
commercialize its operations for wider industry acceptance and
General Electric is one of the largest and the most diversified
technology and financial services corporations in the world. With
products and services ranging from aircraft engines, power
generation, water processing, and security technology to medical
imaging, business and consumer financing, media content, and
industrial products, the company serves over 100 million
Its segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Home &
Business Solutions, and GE Capital. With more than $60 billion
debt financing transactions in the last 10 years across 45
healthcare sectors, GE Capital, Healthcare Financial Services has
an in-depth industry know-how and expertise as a reliable debt
General Electric currently has a Zacks Rank #3 (Hold). Other
companies in the industry that are worth mentioning include
Tyco International Ltd.
Hutchison Whampoa Ltd
), each having a Zacks Rank #2 (Buy).