Scilex subsidiary enters $30M revolving credit facility with eCapital Healthcare

Scilex Holding Co

Revolver up to $30M; interest at Prime + 1.50%; matures July 1, 2026.
Secured by accounts receivable; Scilex Holding guarantees obligations.
Covenant: maintain $1M cash plus availability; default if Scilex fails to raise $75M debt/equity by Sept 30, 2023.
Early termination fee of 0.50% if prepaid and terminated before first anniversary.
Proceeds for transaction fees, working capital, and other permitted uses.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into Guaranty Agreement (effective 2023-06-27).

Action: entry
Agreement: credit facility
Effective: 2023-06-27

Exact text from the filing

In connection with the Credit Agreement, the Company executed a guaranty agreement (the “ Guaranty Agreement ”), dated as of June 27, 2023, to guarantee the payment and performance obligations of the Borrower under the Credit Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Scilex Holding Co entered into Credit Agreement with eCapital Healthcare Corp. valued at $30,000,000 (effective 2023-06-27).

Action: entry
Agreement: credit facility
Counterparty: eCapital Healthcare Corp.
Value: $30,000,000
Effective: 2023-06-27

Exact text from the filing

On June 27, 2023, Scilex Pharmaceuticals Inc. (the “ Borrower ”), a Delaware corporation and a wholly owned subsidiary of Scilex Holding Company (the “ Company ”), entered into a Credit and Security Agreement (the “ Credit Agreement ”) with eCapital Healthcare Corp. (the “ Lender ”).

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

Scilex Holding Co filing history →

Source: SEC EDGAR

accession 0001193125-23-176273

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