Thursday, December 19, 2013

Apollo Endosurgery Gets $50M In Debt Funding For Acquisition

Austin-based Apollo Endosurgery said earlier this week that it has raised $50M in a debt funding round, to fund the company's acquisition of the obesity intervention division of Allergan, as well as for working capital. The funding came from Oxford Finance, MidCap Financial, and East West Bancorp. Apollo said the acquisition will help it expand its product line and enhance the market potential for its endoscopic surgical tools.