Livingstone’s Debt Advisory team is pleased to announce the successful financing of spinal implants manufacturer CoreLink, LLC by Enterprise Bank & Trust. Livingstone acted as the exclusive financial advisor to CoreLink.
Headquartered in St. Louis, Missouri, CoreLink is a developer, manufacturer and marketer of branded spinal implants and surgical instruments, including interbody cage systems, pedicle screw systems, plate systems, biologics, and surgical instruments for cervical, lumbar, and thoracolumbar spinal procedures.
The financing package from Enterprise provides the company with growth capital and the financial freedom to pursue more market opportunities.
Jay Bartling, CEO of CoreLink, commented: “The Livingstone team did a tremendous job executing a complex transaction in an expedited time frame. Their understanding of the debt markets enabled a swift, competitive debt process which resulted in a identifying a lender who shares our vision for the company’s future success.”
Director at Livingstone Chicago Tom Lesch added: “Enterprise’s existing familiarity with CoreLink enabled us collaboratively to structure a deal that gives the company the flexibility needed to execute the company’s growth plans.”
“CoreLink is now expediting its multi-faceted growth plan and Livingstone looks forward to continuing its long-term relationship with the company,” commented Healthcare sector Partner Jim Moskal.
CoreLink represents Livingstone’s third completed Healthcare transaction in a three month period in 2013. CoreLink also adds to Livingstone’s growing Debt Advisory practice following successful financings for Calumet Photographic, JD Norman Industries, EnAqua Solutions Trustmarque and The FNA Group.