An amendment to a senior credit facility with affiliates of OrbiMed has been reached by Xtant Medical for financing worth up to $15 million, which it plans to use for general working capital purposes and for paying off its accounts receivable credit facility with Silicon Valley Bank. Xtant Medical has also agreed to allow Aurora Management Partners' Wayne Tanner and David Baker to work as restructuring officers in the company involved in daily operations and business plan implementation.
Xtant gets $15M credit facility amendment, brings on restructuring officers
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