CVRx, Inc. (CVRX): debt financing — CVRx draws remaining $7.5M from Innovatus term loan facility

CVRx, Inc.

Borrowed $7.5M remaining under first tranche of Innovatus term loan facility.
$4M received March 13, $3.5M received March 15, 2023.
Total outstanding term loans now $15M under the facility.
Company cited banking industry uncertainty as reason for draw.
Facility allows up to $35M more in two additional tranches subject to conditions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CVRx, Inc. incurred term loan of $7.5 million remaining under the first tranche with Innovatus Life Sciences Fund I, LP.

Instrument: term loan
Principal: $7.5 million remaining under the first tranche
Counterparty: Innovatus Life Sciences Fund I, LP
Event: incurrence

Exact text from the filing

CVRx borrowed the $7.5 million remaining under the first tranche of its term loan facility with Innovatus

View on SEC.gov

109 debt financings filed in the last 30 days. Browse all debt financings →

CVRx, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-032814

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.