debt
confidence high
sentiment neutral
materiality 0.50
Pliant Therapeutics prepays $32.4M to fully terminate Oxford Finance Loan Agreement
PLIANT THERAPEUTICS, INC.
- Prepaid $32.4M on Oct 14, 2025, covering all principal, accrued interest, fees, and expenses under Loan Agreement with Oxford Finance LLC.
- Original facility was up to $150M; Pliant had drawn only $30M before the payoff.
- All obligations and covenants under the agreement were fully satisfied and the loan agreement terminated.
- Loan carried floating rate of greater of 1-month SOFR +5.25% or 8.75% floor.