CERUS CORP (CERS) Form 8-K — Jun 8, 2026
Cerus Corporation entered into new credit agreements on June 5, 2026, establishing a secured term loan facility of up to $65 million and a revolving credit facility of up to $30 million. The company borrowed $35 million in the first tranche of the term loan to refinance a portion of its existing debt, having already repaid $30 million of the prior term loans. The term loan bears interest at Term SOFR plus 5.50% (with a 1.00% floor), while the revolver bears interest at Term SOFR plus 3.70%. The revolving facility matures on June 1, 2031, and the term loan requires interest-only payments for the first 48 months.
Key figures
- Debt Amount
- 65000000
- Interest Rate
- SOFR + 5.50% (Term); SOFR + 3.70% (Revolver)
- Maturity Date
- June 1, 2031 (Revolver); Term loan maturity not explicitly stated but implies ~5-6 years based on payment structure
- Sofr Floor
- 1.00%
- Term Loan Tranche1
- 35000000
- Existing Term Loan Repaid
- 30000000
- Revolving Credit Facility
- 30000000
- Term Loan Additional Tranche
- 30000000
- Revolver Outstanding At Closing
- 29900000
Price after filing
Close on the filing date to close N calendar days later (from $2.60). Historical, not a forecast.
AI analysis
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