Oxford Finance, MidCap Financial and East West Bancorp Provide $50 Million Senior Credit Facility to Apollo Endosurgery

ALEXANDRIA, Va., Dec. 17, 2013

"The acquisition of Allergan's obesity intervention division is an excellent opportunity for Apollo to expand its product line," said Christopher A. Herr, managing director for Oxford Finance. "This savvy business decision also will enhance the market potential for Apollo's novel endoscopic surgical tools."

"We are excited to partner with Oxford, MidCap, and East West on this transformative transaction for Apollo. From Apollo's inception, our goal has been to revolutionize the field of minimally invasive surgery," said Dennis McWilliams, CEO and Founder of Apollo Endosurgery. "Our partnership with Oxford enabled us to quickly build a strong debt syndicate to acquire the Obesity Health Division of Allergan and accelerate our vision."

About Oxford Finance LLC

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $2 billion in loans, with lines of credit ranging from $500 thousand to $50 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Illinois, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.

About Apollo Endosurgery, Inc.

Apollo Endosurgery, Inc. is dedicated to revolutionizing patient care through the adoption of less invasive bariatric and endoscopic surgical solutions. Apollo Endosurgery was cofounded with the Apollo Group, a unique collaboration of physicians from the Mayo Clinic, Johns Hopkins University, Medical University of South Carolina, the University of Texas Medical Branch and the Chinese University of Hong Kong. This collaboration developed a broad portfolio of patents in the field of endoscopic surgery that became the foundation of Apollo Endosurgery. For more information regarding Apollo Endosurgery, go to www.apolloendo.com.