Cerus Corporation Closes New Debt Facility of Up to $110 Million
Cerus Corporation closed a new debt facility with MidCap Financial providing up to $110 million in total capacity. The facility consists of a 5-year term loan (initially $35 million, with up to $30 million more available) and a 5-year revolving credit line of up to $45 million.
Key figures
- Retired debt amount
- 65000000
- Annual interest savings
- 3500000
- New debt facility total
- 110000000
- Term loan maturity years
- 5
- Revolving credit capacity
- 45000000
- Term loan initial tranche
- 35000000
- Amortization deferral months
- 48
- Term loan additional capacity
- 30000000
- Revolving credit maturity years
- 5
AI analysis
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