Brief: Parnell Pharmaceuticals says $11 mln secured term loan facility

Parnell Pharmaceuticals Holdings

18/06/2015 12:30

June 18 (Reuters) - Parnell Pharmaceuticals Holdings Ltd  PARN.O : 
 * Announces $11 million secured term loan facility 
 * Says intends to use the loan proceeds for the expansion of its companion 
   animal sales team in the US 
 * Says has entered into a non-dilutive $us11 million term loan agreement with 
   midcap financial 
 * Says term loan has a 45-month term, being interest only for the first 18 
   months 
 
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