Brief: Tricida Inc Entered Into Sixth Amendment To Loan And Security Agreement On Jan 6

Tricida

11/01/2021 14:49

Jan 11 (Reuters) - Tricida Inc  TCDA.O :
    * TRICIDA INC - ON JAN, 6, ENTERED INTO SIXTH AMENDMENT TO
LOAN
AND SECURITY AGREEMENT
    * TRICIDA INC - SIXTH AMENDMENT PROVIDES FOR A DECREASE IN
AMOUNT
AVAILABLE UNDER LOAN AGREEMENT FROM $200.0 MILLION TO $75.0
MILLION
    * TRICIDA INC - SIXTH AMENDMENT ALSO ELIMINATES 1.0%
PREPAYMENT
CHARGE FOR PREPAYMENTS OF PRINCIPAL OF TERM LOAN MADE AFTER
MARCH 1, 2021
    * TRICIDA INC - SIXTH AMENDMENT MODIFIES CERTAIN COVENANTS
APPLICABLE TO COMPANY UNDER LOAN AGREEMENT

Source: [https://bit.ly/3i3Eubf]
Further company coverage:  TCDA.O 

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