Brief: Scpharmaceuticals Announces $100 Million Debt Financing Agreement With Oaktree

Scpharmaceuticals

10/10/2022 13:09

Oct 10 (Reuters) - scPharmaceuticals Inc  SCPH.O :
    * SCPHARMACEUTICALS ANNOUNCES $100 MILLION DEBT FINANCING
AGREEMENT WITH OAKTREE
    * SCPHARMACEUTICALS INC - DEFINITIVE AGREEMENTS ARE EXPECTED
TO BE
SIGNED BY MID-OCTOBER
    * SCPHARMACEUTICALS INC - PLANS TO USE FUNDS TO REPAY
INDEBTEDNESS
UNDER ITS EXISTING LOAN AND SECURITY AGREEMENT AND TO EXECUTE ON
LAUNCH OF FUROSCIX
    * SCPHARMACEUTICALS INC - DEBT FACILITY IS EXPECTED TO
MATURE FIVE
YEARS FROM FUNDING AND CARRY A 36 MONTH INTEREST-ONLY PERIOD

Source text for Eikon:  ID:nGNX5yJH4X 
Further company coverage:  SCPH.O 
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