Fuse Medical, Inc. and CPM Medical Consultants, LLC Enters into Certain Amended and Restated Business Loan Agreement
January 11, 2018 at 05:30 pm
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On December 31, 2017, Fuse Medical, Inc. and its wholly-owned subsidiary, CPM Medical Consultants, LLC (“CPM”) entered into that certain Amended and Restated Business Loan Agreement dated December 31, 2017, (as amended from time to time, the “Loan Agreement”), and among ZB, N.A. (d/b/a Amegy Bank) (“Lender”) and the Company and CPM, as co-borrowers. The Loan Agreement amended and restated the credit facility of CPM with Lender, which was in place as of the closing of the acquisition of CPM in a transaction reported in the Company’s Current Report on Form 8-K, filed on January 4, 2018. The Loan Agreement provides for a revolving credit facility of up to $5,000,000.
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.