Cardiovascular Systems, Inc., a medical device company developing and commercializing innovative solutions for treating peripheral and coronary vascular disease, has entered into a credit facility with Silicon Valley Bank (SVB). This agreement provides CSI with up to $40 million for working capital and general corporate purposes.

"Adding this line of credit to our debt-free balance sheet strengthens our financial position and improves our flexibility," said Scott Ward, chairman, president and chief executive officer for CSI. "Silicon Valley Bank continues to be a key strategic partner for CSI as we seek to set the standard in safe, effective, economical medical devices that improve patient outcomes."

"We're pleased to provide this financing to CSI as the company drives important medical advancements for the large patient populations they serve," said Ben Johnson, managing director for Silicon Valley Bank. "Our aim is to provide the CSI team with the right financing, connections and services they need to meet their corporate objectives."