Brief: NanoString Technologies Enters Into Certain Credit Agreement And Guaranty

NS Wind Down Co

08/02/2024 15:54

Feb 8 (Reuters) - NanoString Technologies Inc  NSTG.O :
    * NANOSTRING TECHNOLOGIES INC - ON FEBRUARY 8, 2024, CO
ENTERED
INTO CERTAIN CREDIT AGREEMENT AND GUARANTY (DIP CREDIT
AGREEMENT)
    * NANOSTRING TECHNOLOGIES -  SENIOR SECURED SUPER-PRIORITY
CREDIT
FACILITY COMPRISES $12.5 MILLION IN NEW MONEY TERM LOANS FUNDED
ON INTERIM DIP ORDER ENTRY
    * NANOSTRING TECHNOLOGIES INC - DIP CREDIT FACILITY
COMPRISED OF A
"ROLL UP" OF $95 MILLION OF DEBT ISSUED UNDER CERTAIN INDENTURE,
DATED AS OF NOV 7, 2023
    * NANOSTRING TECHNOLOGIES- DIP CREDIT FACILITY COMPRISED OF
ADDITIONAL $35 MILLION IN NEW MONEY TERM LOANS FUNDED ON ENTRY
OF FINAL DIP ORDER
    * NANOSTRING TECHNOLOGIES INC - SECURITIES ARE EXPECTED TO
BEGIN
TRADING ON OVER-THE-COUNTER MARKET ON FEBRUARY 14, 2024

Further company coverage:  NSTG.O 

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