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Capital One Closes $53.5MM Credit Facility for Theragenics

February 07, 2014, 08:03 AM
Filed Under: Medical
Related: Capital One Bank

Capital One Bank (as Administrative Agent), together with Credit Suisse Loan Funding LLC (as Lead Arranger and Arranger Agent) and Garrison Investment Group, announced today that it successfully closed and funded a $53.5 million, five-year senior secured credit facility for Theragenics Corporation (“Theragenics”) in the fourth quarter of 2013. Juniper Investment Company (“Juniper”) acquired Theragenics in October 2013, and the loan was used to finance a portion of the acquisition and to provide ongoing working capital. Theragenics is a medical device company serving the surgical products and prostate cancer treatment markets.

Theragenics, founded in 1981 and based in Georgia, produces and distributes surgical products that include wound closure, vascular access, and specialty needle products. It also manufactures and markets radiation therapy devices used primarily in the treatment of early stage prostate cancer.

“Capital One Bank is pleased to work with Theragenics, a proven market leader providing tremendous value to the industry, and to support the company’s growth strategy,” said Keith Reuben, Senior Vice President, Commercial and Specialty Finance, Capital One Bank. “Theragenics has an exciting future ahead and we are pleased to help position the company for continued market leadership and success.”

“The Juniper acquisition positions our company to continue serving the needs of our customers without the burden of public company costs,” said Frank Tarallo, CEO, Theragenics Corporation. “We look forward to this exciting next stage in our company’s growth trajectory as we continue to provide outstanding value to our customers and build upon our strong foundation of quality, dedication and service. Capital One Bank played a critical role by supporting the financing solution needed to complete this deal.”

Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in technology, healthcare, security and defense, asset-based lending, rediscount finance, municipal finance, and equipment leasing and finance.  Capital One Bank’s Commercial Business leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.

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