Silicon Valley Bank provides new $10M credit facility to Solta Medical

Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, added a new $10 million term loan to existing credit facilities for Solta Medical (Nasdaq: SLTM), a global leader in the medical aesthetics market. The additional term loan increases Solta Medical's credit facilities with Silicon Valley Bank to a total of $22 million. Solta Medical would expect to use the additional facility to pursue strategic initiatives.

"Silicon Valley Bank is an important partner in our continued success," said Stephen J. Fanning, Chairman of the Board, President and CEO of Solta Medical, Inc. "This additional financing will give us the flexibility we need to address potential growth opportunities."

"As a client of Silicon Valley Bank for nearly 10 years, we are pleased to continue to support Solta Medical with this latest credit facility," said Ben Colombo, senior relationship manager from Silicon Valley Bank. "We continue to focus on working with companies from their earliest stages through their growth into large, global corporations, while providing the right financial solutions all along the way. As Solta Medical continues to grow, we will seek to provide the best solutions to help meet the company's goals."

Silicon Valley Bank's experienced life science bankers offer a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide.