HAYWARD, Calif., March 11 /PRNewswire-FirstCall/ -- Solta Medical, Inc. (Nasdaq: SLTM), a global leader in the medical aesthetics market, today announced that Silicon Valley Bank, a member company of SVB Financial Group (Nasdaq: SIVB), has provided the company with a $9 million credit facility.
"We are very pleased with this credit facility, as it strengthens our ability to pursue our strategic initiatives in the aesthetic marketplace," said Stephen J. Fanning, Chairman of the Board, President and CEO of Solta Medical, Inc.
"SVB is proud to be Solta's long-time financial partner," said Ben Colombo, Senior Relationship Manager from Silicon Valley Bank. "We are fully committed to continuing to provide Solta the resources it needs to be successful."
A description of the terms and conditions of the credit arrangements and a copy of the related agreement are available in the form 8-K filed today by Solta Medical.
ABOUT SOLTA MEDICAL
Solta Medical is a global leader in the medical aesthetics market providing innovative, safe and effective anti-aging solutions for patients that enhance and expand the practice of medical aesthetics for physicians.
The company offers products to address aging skin under the industry's two premier brands: Thermage(R) and Fraxel(R). Thermage is an innovative, non-invasive radiofrequency procedure for tightening and contouring skin. As the leader in fractional laser technology, Fraxel delivers minimally invasive clinical solutions to resurface aging and sun damaged skin. Since 2002, approximately one million Thermage and Fraxel procedures have been performed in nearly 80 countries. Thermage and Fraxel are the perfect complement for any aesthetic practice. For more information about Solta Medical, call 1-877-782-2286 or log on to www.Solta.com.
ABOUT SILICON VALLEY BANK
Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital/private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve System.
|SOURCE Solta Medical, Inc.|
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