---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-261794"
form_type: "8-K"
ticker: "CERS"
cik: "0001020214"
company_name: "CERUS CORP"
filed_at: "2026-06-08T20:20:03+00:00"
generated_at: "2026-06-08T20:25:32.234765+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cerus enters $65M term loan and $30M revolver, refinancing existing debt

## Summary
- New term loan facility up to $65M; initial $35M drawn to refinance portion of existing term loan.
- Additional tranche of $30M available subject to lender approval for working capital.
- New revolving credit facility of $30M (expandable to $45M) with $29.9M drawn at closing.
- Term loan bears interest at SOFR+5.5% (floor 1%); revolver at SOFR+3.7% (floor 1%).
- Existing Amended and Restated Credit Agreements terminated and replaced as of June 5, 2026.

## SEC filing metadata
- accession: 0001193125-26-261794
- form_type: 8-K
- ticker: CERS
- cik: 0001020214
- company_name: CERUS CORP
- filed_at: 2026-06-08T20:20:03+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/0001193125-26-261794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/cers-20260605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-261794
- JSON: https://secwatch.observer/filing/0001193125-26-261794.json
- Plain text: https://secwatch.observer/filing/0001193125-26-261794.txt

## Key facts
- Debt Financings
  CERUS CORP incurred credit facility of up to $65.0 million with MidCap Financial Trust at Term SOFR rate (subject to a floor of 1.00%) plus 5.50%.
  - Instrument: credit facility
  - Principal: up to $65.0 million
  - Counterparty: MidCap Financial Trust
  - Rate: Term SOFR rate (subject to a floor of 1.00%) plus 5.50%
  - Event: incurrence
  source text: The Term Loan Credit Agreement provides a secured term loan facility in an aggregate principal amount of up to $65.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/0001193125-26-261794-index.htm
- Debt Financings
  CERUS CORP incurred revolving credit of up to $30.0 million with MidCap Funding IV Trust at Term SOFR rate (subject to a floor of 1.00%) plus 3.70% maturing June 1, 2031.
  - Instrument: revolving credit
  - Principal: up to $30.0 million
  - Counterparty: MidCap Funding IV Trust
  - Rate: Term SOFR rate (subject to a floor of 1.00%) plus 3.70%
  - Maturity: June 1, 2031
  - Event: incurrence
  source text: The Revolving Loan Credit Agreement provides a secured revolving credit facility in an initial aggregate principal amount of up to $30.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/0001193125-26-261794-index.htm
- Material Agreements
  CERUS CORP amended Second Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan) with MidCap Funding IV Trust, as agent and a lender valued at up to $30.0 million (effective 2026-06-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MidCap Funding IV Trust, as agent and a lender
  - Value: up to $30.0 million
  - Effective: 2026-06-05
  source text: (ii) a Second Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan) (the “Revolving Loan Credit Agreement,” and together with the Term Loan Credit Agreement, the “Credit Agreements”), by and among the Company, the lenders party thereto from time to time and MidCap Funding IV Trust, as agent and a lender, which amended and restated the Company’s existing Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan), dated as of March 31, 2023, as amended
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/0001193125-26-261794-index.htm
- Material Agreements
  CERUS CORP amended Second Amended and Restated Credit, Security and Guaranty Agreement (Term Loan) with MidCap Financial Trust, as agent and a lender valued at up to $65.0 million (effective 2026-06-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MidCap Financial Trust, as agent and a lender
  - Value: up to $65.0 million
  - Effective: 2026-06-05
  source text: On June 5, 2026, (the “Closing Date”), Cerus Corporation (the “Company”) entered into (i) a Second Amended and Restated Credit, Security and Guaranty Agreement (Term Loan) (the “Term Loan Credit Agreement”), by and among the Company, the lenders party thereto from time to time (the “Term Loan Lenders”) and MidCap Financial Trust, as agent and a lender, which amended and restated the Company’s existing Amended and Restated Credit, Security and Guaranty Agreement (Term Loan), dated as of March 31, 2023, as amended
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020214/000119312526261794/0001193125-26-261794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.