Navigation Links
NxStage(R) Secures $15 Million Revolving Line of Credit
Date:3/11/2010

LAWRENCE, Mass., March 11 /PRNewswire-FirstCall/ -- NxStage Medical, Inc. (Nasdaq: NXTM) a leading manufacturer of innovative dialysis products, today announced that it has secured a two-year $15 million revolving line of credit from Silicon Valley Bank (SVB).  

The revolving line of credit is subject to a borrowing base of trade accounts receivable, inventory and field equipment and is secured by substantially all of the Company's assets.  In connection with this Agreement, the Company amended its term loan and security agreement with Asahi to grant Asahi junior liens on certain of the Company's assets.  Borrowings under the Agreement bear interest at a rate per annum equal to two percentage points (2.00%) above the prime rate (initial prime rate of 4%).  

"This new credit facility provides additional financial flexibility at favorable interest rates to finance working capital needs as the business continues to grow and to seize future opportunities, when they arise," stated Robert Brown, Chief Financial Officer of NxStage Medical. "We remain confident in our ability to achieve break-even adjusted EBITDA in the second quarter of 2010 and positive cash flow thereafter."


'/>"/>
SOURCE NxStage Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. NxStage(R) and Nordic Medcom Sign Distribution Agreement for the System One(TM)
2. Group of NxStage(R) Home Hemodialysis Patients to Take Caribbean Cruise with the System One(TM)
3. NxStage(R) Reports Third Quarter 2009 Financial Results and Raises Revenue Guidance for Fiscal 2009
4. NxStage(R) Reports Significant Interim FREEDOM Study Results
5. NxStage(R) to Report Third Quarter 2009 Financial Results
6. Boston Business Journal Names NxStage(R) Medical Third Fastest Growing Company in Massachusetts
7. NxStage(R) to Recognize Several Key Milestones at American Society of Nephrologys Renal Week 2007
8. TransMedics, Inc. Secures $36 Million Round of Financing Lead by Foundation Capital and Kleiner Perkins Caufield & Byers
9. Poniard Pharmaceuticals Secures $20 Million Committed Equity Financing Facility
10. EnzySurge, Maker of DermaStream(R) Secures US$2.5 Million in Private Capital
11. HealthWarehouse.com, Inc. Secures $1 Million in Debt Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... RAPIDS, Mich. , Jan. 15, 2014 As health ... the flu virus, select Meijer pharmacies in Michigan ... strep throat to eligible patients, enabling Meijer pharmacists to administer ... strict protocol set by a physician participating in the study. ...
(Date:1/15/2014)... THOUSAND OAKS, Calif. , Jan. 15, 2014 ... and Amgen (NASDAQ: AMGN ) announced ... to jointly discover and validate new therapeutic targets ... (IBD), a chronic disorder that affects millions worldwide. ...
(Date:1/15/2014)... 15, 2014  Manufacturers, suppliers and distributors of innovative ... protect their most important business assets, intellectual property ... Because of the highly-competitive nature of ... of the most litigious industry sectors of cases ...
Breaking Medicine Technology:Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 2Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 3Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 2Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 3Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 4Intellectual Property Insurance for Medical-related Products and Services 2
... Therapeutics, one of the nation,s leading pharmacy benefit managers ... complete spectrum of options from rich benefits to deep ... a net drug spend guarantee of $47 per prescription. ... plan sponsors," said Michael Showalter, Prime Chief Marketing Officer. ...
... ChromaDex Corporation (OTCBB: CDXC), an innovative natural ... ingredients to the dietary supplement, food & beverage, ... for the second quarter of 2011. On a ... Generally Accepted Accounting Principles (U.S. GAAP), ChromaDex announced ...
Cached Medicine Technology:Prime Therapeutics Announces Pharmacy Offering with Guaranteed Net Spend Per Prescription 2ChromaDex Announces Financial Results for Second Quarter 2011 2ChromaDex Announces Financial Results for Second Quarter 2011 3ChromaDex Announces Financial Results for Second Quarter 2011 4
(Date:7/11/2014)... 11, 2014 Recently, Fadhits.com, the distinguished wedding ... kids prom dresses . To bring more benefits to ... also launched a special offer for these brand new items. ... , The company’s sales manager says gladly, “We are happy ... offer is to acknowledge all new and old customers and ...
(Date:7/11/2014)... UC San Francisco shows that an "expressive therapy" ... women living with HIV disclose their health status ... safety and quality of their relationships., "Medication alone ... Edward L. Machtinger, MD, director of the Women,s ... our patients are on effective antiretroviral therapy but ...
(Date:7/11/2014)... Emily Johnson, owner of the Portland Fit Body Boot Camp, ... has held two charity workout events and is about to ... 7:15 - 8:30 at Col Summers City Park, SE 20th and ... raised $510 for Medical Teams International. Their second workout event resulted ... On July 26th, Johnson and Portland Fit Body Boot Camp ...
(Date:7/11/2014)... As reported by Forbes in the ... Genetics To Blame (6/30), Indino Downey has reportedly been ... to smoke it with. His father, well-known actor Robert ... inherited from him may have something to do with ... during the 1980s and 1990s for substance abuse before ...
(Date:7/11/2014)... Los Angeles dental implant expert ... and full mouth implants to replace missing teeth. Both ... dental implants from other tooth replacements: They replace the ... alone prevents the long-term complications of missing teeth, but ... comfort, appearance and systemic health. Mini implants broaden candidacy ...
Breaking Medicine News(10 mins):Health News:Promotion for Kids Prom Dresses Now Provided at Fadhits.com 2Health News:'Expressive therapy" intervention assists women living with HIV 2Health News:Portland Fit Body Boot Camp Invites Public to Fitness Boot Camp Session Benefiting Children’s Cancer Association 2Health News:Portland Fit Body Boot Camp Invites Public to Fitness Boot Camp Session Benefiting Children’s Cancer Association 3Health News:Roberty Downey's Son Arrested For Cocaine 2Health News:Dental Implant Dentist, Kevin Sands DDS, Now Uses Mini and Full Mouth Implants to Replace Missing Teeth 2
... rumours once again when she was pictured with baby bump ... of John Travolta starrer Hairspray dressed in a figure-hugging black ... Daily Mail. ,Holmes sparked off rumours that she ... she was spotted with bump while visiting new best friends ...
... 178 newborn babies died at a government-run district hospital ... told the state assembly Tuesday . ,Amid protests ... lack of basic medical facilities at the hospital, Agrawal ... deaths of newly born babies in 2006 and 421 ...
... simulation models suggests that the lifetime risk of cancer associated ... coronary angiography varies widely, with the risk greater for women ... the leading cause of death in men and women in ... a major cause of health care expenditures, with annual costs ...
... salty water (saline) into your nose can help reduce ... long-term infections of the nasal passages. , ,Between ... the nasal passages (chronic rhinosinusitis). Many homoeopathic and yogic ... to relieve symptoms, and it is now often recommended ...
... a Cochrane Systematic Review,there are no high quality data to assess ... people who have just been told they have the disease, but ... way of improving blood sugar levels. ,Type 2 diabetes ... (glucose) in their blood. This high sugar content then causes damage ...
... condom - a huge pink hot air balloon - is ... safe sex awareness . ,The balloon - which organisers ... commissioned by seven local branches of the public medical services ... town near Almelo in the rural east of the Netherlands. ...
Cached Medicine News:Health News:CT Scan Radiations may Lead to Cancer 2Health News:Less Information on Dietary Treatment in Type2 Diabetes 2
... Surgical Microscope Accessories includes digital camera ... optic cables, and fiberoptic retrofits. The ... the surgeon to document procedures with ... or 35mm photography. Many different types ...
... HD Femoral Compression System consists of ... with FemoStop Femoral Compression System.,Both devices ... The Hemostatic Dressing achieves topical hemostasis ... incision, while FemoStop Femoral Compression System ...
... The WaveScan WaveFront System is an ... error and wavefront aberrations of the human ... measurements can be used to determine regular ... cause decreased or blurry vision in the ...
... The LADARWave® device gives ... detect, measure and display ... the individual eye. This ... gain a better understanding ...
Medicine Products: