debt
confidence high
sentiment neutral
materiality 0.50
Aldeyra extends Hercules loan maturity to April 2026; interest rate floor 11.10%
Aldeyra Therapeutics, Inc.
- Fourth Amendment extends interest-only period to April 1, 2026 and maturity to same date.
- Outstanding $15M term loan; interest rate increased to Prime + 3.10% (floor 11.10%).
- New $300K end-of-term charge payable at maturity or prepayment.
- No other changes to loan covenants or collateral; reaffirms existing security interests.