Brief: Aytu Biopharma Announces Agreement With Avenue Venture Debt Fund To Extend Interest-Only Period Of Company’S Term Loan

Aytu Biopharma

25/10/2022 13:47

Oct 25 (Reuters) - Aytu Biopharma Inc  AYTU.O :
    * AYTU BIOPHARMA ANNOUNCES AGREEMENT WITH AVENUE VENTURE
DEBT FUND
TO EXTEND INTEREST-ONLY PERIOD OF COMPANY’S TERM LOAN
    * AYTU BIOPHARMA INC - AMENDMENT DEFERS OVER $3 MILLION IN
PRINCIPAL PAYMENTS BEYOND 2023
    * AYTU BIOPHARMA INC - AMENDMENT OF SECURED LOAN AGREEMENT
EXTENDS
INTEREST-ONLY PERIOD TO JANUARY 2024
    * AYTU BIOPHARMA - MATURITY DATE OF LOAN IS JAN 2025 AND IS
SUBJECT TO ADDITIONAL INTEREST-ONLY PERIOD EXTENSIONS UPON
ACHIEVEMENT OF MILESTONES BY CO
    * AYTU BIOPHARMA - UNDER AMMENDMENT, CO & AVENUE AGREED TO
RESET
EXERCISE PRICE OF WARRANTS ISSUED IN RELATION WITH ORIGINAL LOAN
AGREEMENT TO $0.43

Further company coverage:  AYTU.O 
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