Brief: Bionano Announces Amendment To Debt Financing Arrangement

Bionano Genomics

28/02/2024 13:29

Feb 28 (Reuters) - Bionano Genomics Inc  BNGO.O :
    * BIONANO ANNOUNCES AMENDMENT TO DEBT FINANCING ARRANGEMENT
TO
EXTEND CASH RUNWAY
    * BIONANO GENOMICS INC-  AMENDED CONVERTIBLE DEBT FINANCING
CO
ENTERED INTO IN OCTOBER 2023
    * BIONANO GENOMICS INC-  ARRANGEMENT INCLUDES REDUCTION OF
MINIMUM
AVAILABLE LIQUIDITY COVENANT FROM $50.0 MILLION TO $25.0 MILLION
    * BIONANO GENOMICS INC-  ARRANGEMENT INCLUDES REDUCTION OF
RESTRICTED CASH COVENANT FROM $35.0 MILLION TO $25.0 MILLION

Source text for Eikon:  ID:nGNX371S3J 
Further company coverage:  BNGO.O 

 ((Reuters.Briefs@thomsonreuters.com;))