Brief: iRhythm Technologies Inc Has A $35 Mln Term Loan Outstanding With SVB

iRhythm Holdings

10/03/2023 22:36

March 10 (Reuters) - iRhythm Technologies Inc  IRTC.O :
    * IRHYTHM TECHNOLOGIES INC - COMPANY CURRENTLY HAS A $35
MILLION
TERM LOAN OUTSTANDING WITH SVB
    * IRHYTHM TECHNOLOGIES : AS OF DEC 31, 2022 CASH, CASH
EQUIVALENTS, & SHORT-TERM INVESTMENTS INCLUDED ABOUT $54.5
MILLION IN OPERATING ACCOUNTS HELD AT SVB
    * IRHYTHM TECHNOLOGIES INC: $35 MILLION TERM LOAN IS NOT
CALLABLE
BY SVB OUTSIDE OF AN EVENT OF DEFAULT
    * IRHYTHM TECHNOLOGIES: AFFIRMS EXPECTATION ITS CASH, CASH
EQUIVALENTS, & SHORT-TERM INVESTMENTS HELD OUTSIDE OF SVB TO BE
SUFFICIENT TO OPERATE BUSINESS

Source: (shorturl.at/cxV47)
Further company coverage:  IRTC.O 

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