Verastem extends Term C Loan draw deadline by one year to March 2025

Verastem, Inc.

Extended outside date for Term C Loan draw from March 31, 2024 to March 31, 2025.
Pays $150,000 amendment fee to lenders.
No other changes to loan terms; reaffirms representations and warranties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Verastem, Inc. amended Loan and Security Agreement with Oxford Finance LLC valued at Extends draw period for Term C Loan to March 31, 2025 (effective 2024-01-04).

Action: amendment
Agreement: credit facility
Counterparty: Oxford Finance LLC
Value: Extends draw period for Term C Loan to March 31, 2025
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, Verastem, Inc. (the “Company”) amended its Loan and Security Agreement, dated March 25, 2022 (as amended, the “Loan Agreement”) with Oxford Finance LLC, as collateral agent and a lender, and the other lenders identified on the signature pages thereto.

View on SEC.gov

800 material agreements filed in the last 30 days. Browse all material agreements →

Verastem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-002227

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.