Brief: Axovant Announces Amendment To Credit Facility With Hercules Capital

Sio Gene Therapies

03/12/2019 12:12

Dec 3 (Reuters) - Axovant Gene Therapies Ltd  AXGT.O :
    * AXOVANT ANNOUNCES AMENDMENT TO CREDIT FACILITY WITH
HERCULES
CAPITAL
    * AXOVANT GENE THERAPIES - NEW LOAN AMENDMENT REDUCES LOAN
OBLIGATION BY 50% WITHOUT PENALTY, ELIMINATES MINIMUM CASH
COVENANT
    * AXOVANT GENE THERAPIES - NEW LOAN AMENDMENT EXTENDS
INTEREST-ONLY PERIOD FOR 9 MONTHS
    * AXOVANT GENE THERAPIES LTD - UNDER NEW LOAN AMENDMENT,
DEBT
SERVICE BURDEN REDUCED BY ABOUT $2.0 MILLION PER MONTH DURING
INTEREST-ONLY PERIOD

Source text for Eikon:  ID:nGNX5w1qvX 
Further company coverage:  AXGT.O 

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