debt
confidence high
sentiment positive
materiality 0.70
enGene expands debt facility with Hercules to $125M, $25M funded to refinance existing debt
enGene Therapeutics Inc.
- Up to $125M debt facility from Hercules Capital; $25M funded at closing to refinance existing debt.
- Three additional tranches up to $75M available upon achieving clinical, regulatory, and commercial milestones; final $25M at Hercules' discretion.
- Maturity date January 1, 2030; proceeds support detalimogene BLA filing in H2 2026 and potential launch in 2027.
- Non-dilutive capital strengthens balance sheet for planned BLA in BCG-unresponsive NMIBC with carcinoma in situ.
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