debt
confidence high
sentiment neutral
materiality 0.55
Disc Medicine amends loan with Hercules, draws $30M, extends draw periods
Disc Medicine, Inc.
- Drew $30M of Tranche 1-B advance under existing loan agreement with Hercules Capital.
- Existing $50M Tranche 1-C split into $25M available through March 31, 2027 and $25M Tranche 1-D through April 30, 2027.
- Tranche 2 and Tranche 3 draw periods extended to December 15, 2027 and June 30, 2028, respectively.
- Minimum cash covenant testing date moved to July 1, 2028.