---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-078976"
form_type: "8-K"
ticker: "BCYC"
cik: "0001761612"
company_name: "BICYCLE THERAPEUTICS PLC"
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T22:10:46.857098+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-078976
- form_type: 8-K
- ticker: BCYC
- cik: 0001761612
- company_name: BICYCLE THERAPEUTICS PLC
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761612/000110465924078976/0001104659-24-078976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761612/000110465924078976/tm2419133d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-078976
- JSON: https://secwatch.observer/filing/0001104659-24-078976.json
- Plain text: https://secwatch.observer/filing/0001104659-24-078976.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.