Brief: Phathom Pharmaceuticals Announces Expansion Of Existing Loan And Security Agreement With Hercules Capital

Hercules Capital

14/12/2023 13:10

Dec 14 (Reuters) - Hercules Capital Inc  HTGC.N :
    * PHATHOM PHARMACEUTICALS ANNOUNCES EXPANSION OF EXISTING
LOAN AND
SECURITY AGREEMENT WITH HERCULES CAPITAL
    * PHATHOM PHARMACEUTICALS INC - CASH RUNWAY NOW EXPECTED
THROUGH
END OF 2026
    * PHATHOM PHARMACEUTICALS INC - UP TO AN ADDITIONAL $100
MILLION
IN NON-DILUTIVE CAPITAL AVAILABLE SUBJECT TO ACHIEVEMENT OF
CERTAIN REVENUE MILESTONES
    * PHATHOM PHARMACEUTICALS - AMENDMENT PROVIDES FAVORABLE
TERMS
INCLUDING 14-MONTH EXTENSION OF INTEREST-ONLY PERIOD AND
MATURITY DATE UNTIL DEC 2027
    * PHATHOM PHARMACEUTICALS INC - REMAINING $160 MILLION OF
AGGREGATE $300 MILLION LOAN FACILITY IS POTENTIALLY AVAILABLE IN
FIVE TRANCHES

Source text for Eikon:  ID:nGNX9jPx0L 
Further company coverage:  HTGC.N 

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