Kreg Therapeutics lands $50M debt facility from Crestline
What's the deal? Kreg TherapeuticsDealroom has a profile for this one. Try Dealroom → has secured $50 million in senior secured credit facilities from Crestline Direct Finance, L.P.Dealroom has a profile for this one. Try Dealroom → The medical equipment maker, a portfolio company of Milton Street CapitalDealroom has a profile for this one. Try Dealroom →, will use the funds to refinance existing debt and support growth.
The breakdown: The financing splits into a $45 million term loan and a $5 million revolving credit facility. It covers both Kreg Therapeutics LLC and Kreg Medical Inc.Dealroom has a profile for this one. Try Dealroom →
Who advised? Akin Gump Strauss Hauer & FeldDealroom has a profile for this one. Try Dealroom → advised Crestline, with a team led by finance partner Chad Nichols. DLA PiperDealroom has a profile for this one. Try Dealroom → served as legal counsel to Kreg.
Why it stands out: The raise sits in the top 5% of US health-sector debt deals by size, based on 4,569 comparable rounds. That places Kreg's facility among the larger private credit deals in the space.
The signal: Debt financing continues to gain ground as a funding route for healthcare and medical device companies looking to grow without diluting equity. Crestline's move signals appetite from private credit lenders for established, sponsor-backed businesses.
Read more: thedealmatter.com
Image credit: Medill DC
