debt
confidence high
sentiment positive
materiality 0.75
Disc Medicine secures up to $200M non-dilutive debt facility from Hercules Capital
Disc Medicine, Inc.
- $200M senior secured term loan facility from Hercules Capital; $30M drawn at closing.
- Up to $80M additional available at Disc's sole discretion through second-half 2026.
- Remaining $90M subject to milestone achievement or lender consent.
- Interest-only for at least 48 months, extendable to 60 months; matures November 2029.
- Proceeds to support bitopertin EPP confirmatory trial, DISC-0974 MF/NDD-CKD studies, and DISC-3405 PV trial.