Bicycle Therapeutics amends Hercules Capital loan, extends maturity to 2025, adds up to $75M borrowing

BICYCLE THERAPEUTICS PLC

Term Loan Maturity Date extended to July 1, 2025; Amortization Date moved to April 1, 2025.
Borrowers can request additional Term Loan Advances up to $75M aggregate (Tranche 3 up to $45M) before Dec 31, 2024, subject to lenders' approval.
Term Loan Interest Rate decreased to lesser of (i) greater of 8.05% or prime+4.55% and (ii) 9.05% per annum.
Existing loan agreements ratified; security interests reaffirmed.

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