The Private Equity and Capital Markets teams advised Braidwell LP in connection with the consummation of a private placement of convertible senior notes and secured term loan financing to OrthoPediatrics Corp. (NASDAQ: KIDS), consisting of $50,000,000 of convertible senior notes and a $50,000,000 senior secured term loan facility. The proceeds of the financing will be used for the repayment of outstanding indebtedness, transaction fees in connection with the financing, potential stock repurchases and general corporate purposes and working capital needs.
Braidwell LP is a life science-focused investment firm dedicated to serving the people and organizations that transform human health. Braidwell provides flexible capital and thoughtful partnership to healthcare companies at all parts of the capital structure, across public, private, and structured capital markets focusing on biotechnology, pharmaceuticals, medical devices, and diagnostics. The firm manages approximately $4 billion and is based in Stamford, Connecticut.
Headquartered in Warsaw, Indiana, OrthoPediatrics Corp. is an orthopedic company focused exclusively on advancing the field of pediatric orthopedics.
The Goodwin team was led by Kristopher Ring, Jim Barri, Mohammed Alvi, Kim de Glossop, Sne Sadhu, Kenneth Armstrong and Haley Schubert-Nieh, with invaluable assistance from Michele Eason.
For more details, read the press release.