Alphatec discloses $14M SVB deposit exposure; FDIC guarantees full access

Alphatec Holdings, Inc.

Approximately $14M in deposit accounts at failed Silicon Valley Bank; fully protected under joint Treasury-Fed-FDIC action.
Money market investments held through SVB as agent consist of U.S. government securities and are not part of FDIC receivership.
Company holds $100M fully-funded term loan with Braidwell and $35M drawn on MidCap revolving credit facility, both outside SVB.
Affirms cash and equivalents held outside SVB sufficient to meet operating needs for the foreseeable future.

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