AtriCure, Inc. (ATRC) — Current Report

Key Insights

• AtriCure has extended its credit agreement by 3 years, providing additional financial flexibility to support its working capital needs and general corporate purposes.
• The credit agreement now has reduced interest rates on the loans under the ABL Facility, improving AtriCure's cost of capital.
• The removal of the minimum utilization financial covenant provides AtriCure more operational freedom in managing its borrowing activities under the credit facility.