Senseonics Enters Into Amended Loan Agreement with Hercules to Increase Borrowing Capacity to $140 Million
Hercules Capital entered into a Second Amendment with Senseonics to increase the borrowing capacity of its existing loan facility from $100 million to $140 million. The amendment provides for $20 million in near-term commitments split between a second tranche funded at closing and a third tranche expected May 6, 2026, with availability for up to $85 million in future tranches pending conditions.
Key figures
- New facility capacity
- $140 million
- Prior facility capacity
- $100 million
- Immediate funding amount
- $20 million
- Additional future capacity
- $85 million
- Total outstanding post amendment
- $55 million
AI analysis
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