Brief: Acutus Medical Announces Agreements To Fund Strategic Growth Priorities

Acutus Medical

27/04/2022 11:36

April 27 (Reuters) - Acutus Medical Inc  AFIB.O :
    * ACUTUS MEDICAL ANNOUNCES AGREEMENTS TO FUND STRATEGIC GROWTH PRIORITIES
    * ACUTUS MEDICAL - ANNOUNCED COMMITMENT LETTER FROM DEERFIELD MANAGEMENT
COMPANY
TO REFINANCE ITS EXISTING DEBT WITH A NEW LONGER-TERM CREDIT FACILITY
    * ACUTUS MEDICAL INC - ACUTUS HAS SIGNED A COMMITMENT LETTER TO REFINANCE
ITS
EXISTING DEBT FACILITY
    * ACUTUS MEDICAL INC - MEDTRONIC WILL MAKE AN UPFRONT CASH PAYMENT TO ACUTUS
OF
$50 MILLION UPON INITIAL CLOSING OF TRANSACTION
    * ACUTUS MEDICAL INC - EXISTING DEBT FACILITY, WHICH HAS A MATURITY DATE OF
MAY
20, 2024, WILL BE REPLACED WITH A NEW DEBT FACILITY
    * ACUTUS MEDICAL INC - EXPECT TO ISSUE WARRANTS TO PURCHASE CO'S COMMON
STOCK TO
DEERFIELD IN CONNECTION WITH REFINANCING
    * ACUTUS MEDICAL - ANNOUNCED AGREEMENT TO SELL LEFT-HEART ACCESS PORTFOLIO
TO
MEDTRONIC
    * ACUTUS MEDICAL INC - NEW DEBT FACILITY WITH DEERFIELD WILL INCLUDE $35
MILLION
IN AGGREGATE PRINCIPAL WITH A MATURITY DATE FIVE-YEARS FROM CLOSING OF LOAN

Source text for Eikon:  ID:nGNXrZLpS 
Further company coverage:  AFIB.O 

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