debt
confidence high
sentiment neutral
materiality 0.60
Lexicon amends loan with Oxford Finance; $25M tranche drawable Dec 1-31, 2022
LEXICON PHARMACEUTICALS, INC.
- First Amendment to Loan and Security Agreement with Oxford Finance LLC executed Aug 29, 2022.
- Second $25M tranche draw period changed to Dec 1-31, 2022, subject to conditions and no Event of Default.
- Sotagliflozin NDA Milestone already achieved, as confirmed by Collateral Agent.
- Amendment fee and Lender Expenses payable; other loan terms unchanged.