NXT Capital provided a senior credit facility to support Cortec Group’s recapitalization of Aspen Medical Products.

NXT Capital acted as the joint lead arranger on the transaction.

Aspen Medical Products designs, develops and markets upper and lower spinal orthotics. For over 25 years, the company has introduced a continuous flow of pioneering spinal bracing products and services to the healthcare marketplace. Headquartered in Irvine, CA, the company has local sales representation throughout the U.S. as well as internationally.

Founded in 1984, Cortec Group invests in high value-added, middle-market healthcare, B2B and B2C products and specialty services businesses in partnership with owners and management teams who want to work with Cortec to drive growth and improve business fundamentals.

Based in Chicago, NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups. It has additional offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix.