Brief: Durect Corp Says On May 28, Co, Oxford Finance Llc Entered Into Fifth Amendment Of $20.0 Million Loan And Security Agreement

DURECT

02/06/2021 14:12

June 2 (Reuters) - DURECT Corp  DRRX.O :
    * DURECT CORP - ON MAY 28, CO, OXFORD FINANCE LLC ENTERED
INTO
FIFTH AMENDMENT OF $20.0 MILLION LOAN AND SECURITY AGREEMENT
    * DURECT CORP - FIFTH AMENDMENT MODIFIED TERMS OF LOAN
AGREEMENT
TO EXTEND FIRST PRINCIPAL PAYMENT DATE FROM DEC 1, 2021 TO JUNE
1, 2023
    * DURECT CORP - FIFTH AMENDMENT MODIFIED TERMS OF LOAN
AGREEMENT
TO EXTEND FINAL MATURITY DATE FROM MAY 1, 2024 TO SEPTEMBER 1,
2025

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