Brief: Acura Pharmaceuticals Inc Restructures Debt Obligations

Acura Pharmaceuticals

09/10/2018 21:19

Oct 9 (Reuters) - Acura Pharmaceuticals Inc  ACUR.PK :
    * ACURA PHARMACEUTICALS, INC. RESTRUCTURES DEBT OBLIGATIONS
    * ACURA PHARMACEUTICALS - PER TERMS OF SCHUTTE'S DEBT, AFTER
RETIREMENT OF OXFORD FINANCE DEBT, CO TO GRANT HIM  SECURITY
INTEREST IN ITS ASSETS
    * ACURA PHARMACEUTICALS INC - ON OCT 5,  RESTRUCTURED DEBT
OBLIGATIONS BY RECEIVING AN ADDITIONAL $1.8 MILLION LOAN FROM
JOHN SCHUTTE
    * ACURA PHARMACEUTICALS INC - RESTRUCTURED DEBT OBLIGATIONS
BY
ALSO RETIRING IN FULL SENIOR SECURED DEBT WITH OXFORD FINANCE
FOR PAYMENT OF $1.5 MILLION
    * ACURA PHARMACEUTICALS - BALANCE OF SCHUTTE'S LOAN WILL
EXTEND
OPERATIONS INTO NOV 2018 WHILE CO REMAINS FOCUSED ON LICENSING
ITS LEAD ASSET LTX-03

Source text for Eikon:  ID:nGNX509KKX 
Further company coverage:  ACUR.PK 

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