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GE Healthcare Financial Services and BlueCrest Capital Finance Close a $27.5 Million Financing with SkinMedica, Inc.

Publication: Business Wire
Publication Date: 20-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- GE Healthcare Financial Services, as agent, along with co-lender BlueCrest Capital Finance have provided a $27.5 million senior secured credit facility to SkinMedica, Inc., a leading specialty pharmaceutical company focused on developing, acquiring, and commercializing products that treat dermatologic conditions and diseases and improve the appearance of skin.

The credit facility consists of a $22.5 million venture loan and a $5 million revolving credit line. SkinMedica will use the financing for general corporate purposes as well as to strengthen its balance sheet.

"GE Healthcare Financial Services worked closely with us...

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