Bicycle Therapeutics terminates $30M Hercules loan, repays $31.9M total

BICYCLE THERAPEUTICS PLC

Repaid $30.0M principal plus $1.5M end-of-term charge and $0.3M prepayment fee, total $31.9M.
Used cash on hand to settle all amounts; loan was scheduled to mature July 1, 2025.
Loan bore interest at prime + 4.55% (min 8.05%, max 9.05%); secured by personal property except IP.
All security interests terminated and released upon repayment.
Voluntary termination reduces debt obligations; collateral released.

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