HYPERION DEFI, INC. (HYPD): debt financing — Eyenovia amends loan agreement, defers payments through Sep 2025, grants $10M conversion option at $1.68

HYPERION DEFI, INC.

Deferred principal and interest payments until Sept 30, 2025; interest rate is prime + 4.45% (floor 7%).
Must use 65% (then 75%) of net proceeds from Chardan ATM to repay outstanding principal.
Lenders can convert up to $10M principal into common stock at $1.68/share starting Apr 1, 2025.
Outstanding principal under facility was $10.3M as of Feb 21, 2025; maturity remains Nov 1, 2025.
Deferred interest during first deferral period was added to principal; second deferral accrues unpaid cash interest.

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

HYPERION DEFI, INC. amended credit facility of $10.3 million in principal with Avenue Capital Management II, L.P., as administrative agent and collateral agent; Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., as lenders at an annual rate equal to the greater of (a) 7.0% and (b) the prime rate as report maturing November 1, 2025.

Instrument: credit facility
Principal: $10.3 million in principal
Counterparty: Avenue Capital Management II, L.P., as administrative agent and collateral agent; Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., as lenders
Rate: an annual rate equal to the greater of (a) 7.0% and (b) the prime rate as report
Maturity: November 1, 2025
Event: amendment

Exact text from the filing

the Supplement, provides for term loans in an aggregate principal amount of up to $15.0 million to be delivered in multiple tranches. As of February 21, 2025, the Company owed $10.3 million in principal and accrued interest under the facility. Amounts outstanding under the facility bear interest at an annual rate equal to the greater of (a) 7.0% and (b) the prime

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Source: SEC EDGAR

accession 0001104659-25-016375

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