debt
confidence high
sentiment neutral
materiality 0.65
Viridian pre-pays $55.1M Hercules Capital loan, terminates credit facility
Viridian Therapeutics, Inc.\DE
- Paid ~$55.1M to satisfy all principal, accrued interest and fees under Loan Agreement with Hercules Capital.
- Original term loan allowed up to $300M; company borrowed $50M at floating rate (min 8.95%, cap 9.45%).
- Loan termination effective May 27, 2026; all obligations discharged and covenants eliminated.
- Interest-only payments were due through Oct 2029/2030 depending on milestones; now fully extinguished.