Brief: Silk Road Medical Extends Cash Runway By Securing Up To $250 Million In Debt Financing

Silk Road Medical

31/05/2022 14:26

May 31 (Reuters) - Silk Road Medical Inc  SILK.O :
    * SILK ROAD MEDICAL EXTENDS CASH RUNWAY BY SECURING UP TO
$250
MILLION IN DEBT FINANCING
    * SILK ROAD MEDICAL INC - TRANSACTION BRINGS COMPANY'S TOTAL
CASH,
CASH EQUIVALENTS, AND ACCESS TO LIQUIDITY TO APPROXIMATELY $340
MILLION
    * SILK ROAD MEDICAL INC - FIVE-YEAR LOAN ARRANGEMENT
COMPRISES OF
UP TO $200 MILLION TERM LOAN AND UP TO A $50 MILLION REVOLVING
LINE OF CREDIT

Source text for Eikon:  ID:nGNX6RTFRw 
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