Thursday, October 27, 2011

Solta Medical Expands Credit Line

Hayward-based Solta Medical, a developer of medical aesthetics products, said this week that it has expanded a credit line from Silicon Valley Bank. The firm said it has expanded the line from $18M to $28M, with the new $10m under a secured term loan. The firm said it will use the funding to facilitate the acquisition of the LipoSonix subsidiary from Medicis.