Vericel enters $150M senior secured revolving credit facility due 2027

Vericel Corp

$150 million five-year senior secured revolver; matures July 29, 2027.
Facility secured by first-priority lien on substantially all assets; includes $5M swingline and $15M letter of credit sub-facility.
Interest rate options: SOFR + 0.10% plus spread 1.25%-2.50%, or base rate plus 0.25%-1.50%.
Proceeds for general corporate purposes, including acquisitions and capex.
Commitment fee 0.20%-0.25%; financial covenants including max total net leverage ratio.

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