Wingspire Capital provided a $35 million senior secured revolving credit facility to Advita Ortho LLC, a global orthopedic solutions and integrated surgical solutions provider that helps empower surgeons and improve patient outcomes.

Proceeds of the revolver will be used for general corporate purposes as Advita expands sales of its portfolio of established product lines including the Equinoxe Shoulder, Vantage Ankle, Alteon Hip, Truliant Knee, Newton balancing technology and GPS navigation, along with distribution of products including the Spartan Hip and Triverse Knee lines. Advita acquired those assets along with a team of experienced employees, surgeons and innovators, during the restructuring of Exactech.

The transaction demonstrates the growth and demand for Wingspire Capital’s Healthcare Finance platform, which was established last year to meet the unique needs of the healthcare middle market by offering a full suite of capital solutions such as asset-oriented revolvers, first-out-revolvers and term loans with Wingspire’s signature creativity, flexibility, responsiveness and professionalism.

“Wingspire Capital is pleased to provide a flexible capital solution that helps Advita accelerate its position as a leader in orthopedic implants and surgical navigation technology,” said Mark Klaassens, Managing Director at Wingspire Capital.

Advita is owned by funds including affiliates of Strategic Value Partners LLC (SVP), Stellex Capital Management LLC and Greywolf Capital Management, LP.