Brief: Kaleido Biosciences And Cadena Bio Enters Into Credit Agreement With Hercules Capital

Kaleido Biosciences

03/01/2020 12:32

Jan 3 (Reuters) - Kaleido Biosciences Inc  KLDO.O :
    * KALEIDO BIOSCIENCES INC -  ON DEC 31, 2019, CO AND CADENA
BIO,
INC. ENTERED INTO CREDIT AGREEMENT WITH HERCULES CAPITAL, INC.
    * KALEIDO BIOSCIENCES INC -  UNDER CREDIT AGREEMENT,
HERCULES
CAPITAL WILL EXTEND AN INITIAL $22.5 MILLION TO CO AND CADENA
BIO
    * KALEIDO BIOSCIENCES INC -  CREDIT AGREEMENT WITH OPTION TO
DRAW
DOWN ADDITIONAL $12.5 MILLION IF CONDITIONS ARE MET
    * KALEIDO BIOSCIENCES -  CREDIT AGREEMENT REPLACE CO'S
PREVIOUS
$15 MILLION CREDIT FACILITY WITH JPMORGAN CHASE BANK, N.A.,
DATED OCTOBER 25, 2019

Source: (https://bit.ly/2rUPodU)
Further company coverage:  KLDO.O 

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