other material
confidence high
sentiment neutral
materiality 0.55
Cerus extends supply deal with Porex to 2024; raises revolver from $10M to $15M
CERUS CORP
- Second Amendment with Porex extends supply agreement to Dec 31, 2024; unit pricing set for first 12 months with volume-based reductions.
- Revolving loan commitments increased from $10M to $15M as of Dec 23, 2021, under amendment with MidCap Funding IV Trust.
- Cerus may request an additional $5M increase in revolver commitments, subject to agent and lender approval.