Stereotaxis secures further credit

Image-guided interventional surgery firm Stereotaxis of St. Louis has secured an increased credit line with Silicon Valley Bank.

Under the terms set forth in the commitment letter, Stereotaxis can borrow up to $30 million, compared with $25 million under its current agreement. The credit line would be extended for another year and would mature on March 31, 2011, according to Stereotaxis.

Related Reading

Stereotaxis posts Q2 results, taps new CFO, August 7, 2009

Stereotaxis reports healthy Q1, May 7, 2009

Stereotaxis inks alternative financing deal, March 12, 2009

Stereotaxis launches Odyssey Cinema, October 23, 2008

Stereotaxis reaches Niobe milestone, May 1, 2008

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