debt
confidence high
sentiment neutral
materiality 0.45
Century Therapeutics repays $10.6M Hercules loan, terminates Loan Agreement
Century Therapeutics, Inc.
- Prepaid $10.6M aggregate payoff including $100K prepayment charge and $395K exit fee.
- Original $30M term loan facility; only $10M drawn with variable rate (greater of prime+6.30% or 9.55%).
- All obligations under September 2020 Loan Agreement satisfied and terminated as of May 1, 2023.