Alphatec Spine Announces New and Expanded Credit Facility

Alphatec Holdings, Inc.

, the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, announced today that it has entered into a new, three year revolving line of credit with MidCap Financial, replacing the Company's former credit facility. The new credit line provides the Company with access to up to $40 million, plus an opportunity to borrow an additional $10 million of mezzanine credit, with the actual borrowing base being subject to limitation established by the Company's eligible accounts receivable and inventory. The new facility offers more favorable terms. Alphatec Spine intends to use the facility for working capital and other general corporate purposes after repayment of balances related to its prior credit facility of approximately $28 million.