OrthoPediatrics (KIDS) Announces $100M Private Financing

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OrthoPediatrics Corp. Announces Private Financing

August 5, 2024 4:10 PM EDT

Term Loan and Private Placement of Convertible Notes Will Provide Up To $100 Million of Capital

WARSAW, Ind., Aug. 05, 2024 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (OrthoPediatrics) (NASDAQ: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced it has signed a private financing arrangement with Braidwell LP consisting of a term loan and private placement of convertible notes that will provide up to $100 million of capital. The financing is expected to fund on or about August 12, 2024.

OrthoPediatrics COO & CFO, Fred Hite,... More