Brief: Viracta Therapeutics Secures $50 Mln Credit Facility From Silicon Valley Bank And Oxford Finance

Viracta Therapeutics

05/11/2021 14:38

Nov 5 (Reuters) - Viracta Therapeutics Inc  VIRX.O :
    * VIRACTA THERAPEUTICS SECURES $50 MILLION CREDIT FACILITY
FROM
SILICON VALLEY BANK AND OXFORD FINANCE
    * VIRACTA THERAPEUTICS INC - CO AND SVB TO TERMINATE CO'S
PRIOR
$15.0 MILLION LOAN AND SECURITY AGREEMENT AND EXISTING $5.0
MILLION DEBT BALANCE WAS REFINANCED
    * VIRACTA THERAPEUTICS INC - UNDER NEW CREDIT FACILITY,
REMAINING
$45.0 MILLION IS AVAILABLE IN TWO ADDITIONAL TRANCHES OF $20.0
MILLION AND $25.0 MILLION

Source text for Eikon:  ID:nPn2wqVJDa 
Further company coverage:  VIRX.O 

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