July 7, 2009 (FinancialWire) — Solta Medical, Inc. (NASDAQ: SLTM) (Current Market Cap: $76.41 Mil.) said it has signed an amendment with SVB Financial Group’s (NASDAQ: SIVB) Silicon Valley Bank subsidiary under which the company’s credit facility has been expanded from $9 million to $12 million.

The amendment provides for an increase of the secured revolving loan facility to $8 million, an amendment to the borrowing base formula for the revolving loan to provide that the borrowing base will be based on 70% of Solta Medical’s gross balance sheet accounts receivable, and an additional $1 million under a secured term loan.

Hayward, California-based Solta Medical is engaged in the medical aesthetics market. The company offers products meant to address aging skin under the brands Thermage and Fraxel.

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