By Lisa Kerner
Erie, Pa., May 15 - NxStage Medical, Inc. obtained a $20 million credit facility from SVB Silicon Valley Bank, the commercial banking arm of SVB Financial Group, according to a company news release.
Proceeds from the financing will be used to provide additional working capital to finance installations of dialysis equipment in the field.
Located in Lawrence, Mass., NxStage is a medical device company develops, manufactures and markets dialysis systems for the treatment of end-stage renal disease and acute kidney failure.
| Borrower: | NxStage Medical, Inc.
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| Amount: | $20 million
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| Issue: | Credit facility
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| Maturity: | 2 years
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| Lender: | SVB Silicon Valley Bank
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| Announcement date: | May 15
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