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NMT Medical Secures $4.0 Million Credit Agreement


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© Business Wire 2009
2009-06-30 17:45:02 -

NMT Medical, Inc. : (NASDAQ: NMTI), an advanced medical technology company that designs, develops, manufactures and markets proprietary implant technologies that allow interventional cardiologists to treat structural heart disease through minimally invasive, catheter-based procedures, today announced that it has entered into a $4.0 million, two-year credit facility with Silicon Valley Bank, a unit of Santa Clara, California-based SVB

Financial Group.

Frank Martin, NMT’s President and Chief Executive Officer stated, “This non-equity based credit facility will provide NMT with additional financial flexibility in order to fund its ongoing clinical trials and development programs as well as its future progress in the treatment of structural heart disease. NMT is very pleased to be able to secure this line of credit, particularly during these challenging economic times.”


About NMT Medical, Inc.

NMT Medical is an advanced medical technology company that designs, develops, manufactures and markets proprietary implant technologies that allow interventional cardiologists to treat structural heart disease through minimally invasive, catheter-based procedures. NMT Medical is currently investigating the potential connection between a common heart defect that allows a right-to-left shunt or flow of blood through a defect like a patent foramen ovale (PFO) and brain attacks such as embolic stroke, transient ischemic attacks (TIAs) and migraine headaches. A common right-to-left shunt can allow venous blood, unfiltered and unmanaged by the lungs, to enter the arterial circulation of the brain, possibly triggering a cerebral event or brain attack. More than 30,000 PFOs have been treated globally with NMT's minimally invasive, catheter-based implant technology.

Stroke is the third leading cause of death in the United States and the leading cause of disability in adults. Each year, 750,000 Americans suffer a new or recurrent stroke and an additional 500,000 Americans experience a TIA.

For more information about NMT Medical, please visit www.nmtmedical.com : .

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties or other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed under the heading "Risk Factors" included in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report Form 10-K for the year ended December 31, 2008 and subsequent filings with the U.S. Securities and Exchange Commission.



NMT Medical, Inc.Richard E. Davis, 617-737-0930Chief
Operating Officer red@nmtmedical.com : mailto:red@nmtmedical.com


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