Fuse Medical, Inc., CPM Medical Consultants, LLC and Zions Bancorporation, N.A. Execute Eighth Amendment to the Amended and Restated Business Loan Agreement
November 12, 2021 at 06:13 am
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On November 4, 2021, Fuse Medical, Inc., CPM Medical Consultants, LLC (together with the Company, the Borrowers), and Zions Bancorporation, N.A. dba Amegy Bank (the Lender) executed that certain Limited Waiver and Eighth Amendment (the Eighth Amendment), to the Amended and Restated Business Loan Agreement among the Borrowers and the Lender on December 31, 2017 (as amended from time to time, the Loan Agreement). Pursuant to the Eighth Amendment, the Lender waived certain Events of Default of the Borrowers under the Loan Agreement, reduced the aggregate limit of the loans and extended the termination date as follows: waived the events of default for the Company not meeting the minimum quarterly EBITDA for the twelve months ended September 30, 2021; reduced the aggregate limit of the loans offered pursuant to the Loan Agreement (the Loans) to $2,550,000; extending the termination date of the loan to February 4, 2022.
Fuse Medical, Inc. is a manufacturer and distributor of medical devices in the United States. The Company provides a range of a portfolio of orthopedic implants, including foot and ankle, orthopedics, sports medicine and spine. It also provides a range of osteo-biologics and regenerative products, which include human allografts, tendons, synthetic skin and bone substitute materials, and regenerative tissues. Its foot and ankle product offerings include internal and external fixation for forefoot, midfoot and hindfoot reconstruction. Its orthopedics offer joint reconstruction systems for upper and lower extremities, which include the sterizo total knee, tibial revision, and total hip replacement systems, as well as the arrow total and reverse total shoulder system. Its sports medicine offers a line of fuse suture anchors and interference screws, as well as multiple products for soft tissue fixation augmentation. Its spine offers spinal products for cervical and thoracolumbar fusion.
Fuse Medical, Inc., CPM Medical Consultants, LLC and Zions Bancorporation, N.A. Execute Eighth Amendment to the Amended and Restated Business Loan Agreement