Brief: Kaleido Biosciences Says Co & Cadena Bio Entered Into Credit Agreement With JPMorgan Chase Bank

Kaleido Biosciences

30/10/2019 22:29

Oct 30 (Reuters) - Kaleido Biosciences Inc  KLDO.O :
    * KALEIDO BIOSCIENCES INC -  CO & CADENA BIO INC ENTERED
INTO
CREDIT AGREEMENT WITH JPMORGAN CHASE BANK
    * KALEIDO BIOSCIENCES INC - UNDER CREDIT AGREEMENT, JPMORGAN
CHASE
BANK WILL EXTEND $15 MILLION TO CO & CADENA BIO
    * KALEIDO BIOSCIENCES INC - NEW CREDIT AGREEMENT REPLACED
CO'S
PREVIOUS $15 MILLION CREDIT FACILITY DATED DECEMBER 21, 2015
    * KALEIDO BIOSCIENCES INC - CREDIT FACILITY CARRIES 48-MONTH
TERM
WITH INTEREST ONLY PAYMENTS ON TERM LOAN FOR FIRST 18 MONTHS
    * KALEIDO BIOSCIENCES- LOAN BEARS INTEREST RATE OF 0.25%
PLUS
GREATER OF PRIME RATE LAST QUOTED IN WALL STREET JOURNAL AND
2.50% PLUS ONE MONTH LIBOR
    * KALEIDO BIOSCIENCES INC - TERM LOAN WILL MATURE IN OCTOBER
2023

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

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