debt
confidence high
sentiment neutral
materiality 0.55
Cue Biopharma amends SVB credit agreement, eliminates $20M cash reserve requirement
Cue Biopharma, Inc.
- Second Amendment dated Oct 2, 2024 removes $20M minimum cash requirement from SVB loan agreement.
- New covenant requires Cue to maintain at SVB lesser of $20M or 100% of consolidated cash.
- No Event of Default occurred; representations and warranties reaffirmed as of effective date.
- All other terms of the Loan and Security Agreement remain unchanged.