SpineArt secures refinancing

Niederer Kraft Frey advised SpineArt SA on the refinancing and upsizing of its syndicated credit facilities, totaling CHF 50,000,000 and USD 31,500,000, provided by a syndicate of lenders led by UBS Switzerland AG as mandated lead arranger, agent and security agent.

SpineArt SA is a fast-growing global medtech innovator in advanced spine surgery solutions headquartered in Switzerland, with subsidiaries in the United States, Spain and France. The group partners with surgeons and hospitals in over 60 countries to accelerate the adoption of advanced spine technologies that support patient care.

The refinancing coincides with SpineArt’s announcement that its Baguera® C cervical disc has received FDA approval for 1 and 2 contiguous levels, expanding access in the United States to a motion-preserving solution for patients suffering from cervical disc disease.

The refinancing will support the group’s continued growth.

The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with partner Andrea Wuerzner (Corporate/M&A, Banking and Finance), counsel Marc Vogelsang (Tax) and associate Boris Catzeflis (Corporate/Commercial and Technology).