debt
confidence high
sentiment neutral
materiality 0.65
Medicus Pharma issues up to $5M debentures to Yorkville at 8% interest, 90% of face value
Medicus Pharma Ltd.
- Initial closing of $1.25M debentures; two additional tranches of $1.25M and up to $2.5M subject to conditions.
- Debentures bear 8% annual interest (up to 18% upon default), mature Feb 2, 2026, repayable in six monthly installments of $500K each.
- Issued at 90% of principal amount; optional redemption by Company, and Yorkville may require redemption with equity financing proceeds.
- Subsidiaries provide global guaranty for obligations.