secwatch.observer — SEC 8-K summary
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Issuer:     BICYCLE THERAPEUTICS PLC (BCYC)
CIK:        0001761612
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001104659-22-080262
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761612/000110465922080262/0001104659-22-080262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761612/000110465922080262/tm2221222d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-080262

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