CVRx, Inc. (CVRX): debt financing — CVRx borrows $15M second tranche from Innovatus; total debt outstanding $30M

CVRx, Inc.

Borrowed $15.0 million under second tranche of Innovatus term loan facility on Dec. 15, 2023.
Total outstanding term loans under the facility are now $30.0 million.
Additional tranche of up to $20.0 million remains available subject to conditions.
The draw was made on the deadline for the second tranche under the loan agreement.

item 2.03

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 $15.0 million with Innovatus Life Sciences Fund I, LP.

Instrument: term loan
Principal: $15.0 million
Counterparty: Innovatus Life Sciences Fund I, LP
Event: incurrence

Exact text from the filing

the Company borrowed $15.0 million under the second tranche of its term loan facility with Innovatus on Friday, December 15, 2023, the deadline for drawing the second tranche.

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

CVRx, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-126426

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