secwatch.observer — SEC 8-K summary
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Issuer:     Arcturus Therapeutics Holdings Inc. (ARCT)
CIK:        0001768224
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001193805-23-000356
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Arcturus terminates $15M Western Alliance loan with $7.36M payoff, releases liens
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- Paid ~$7.36M from cash on hand to terminate Western Alliance Bank loan agreement on March 14, 2023.
- Loan originally up to $15M with floating rate prime+1.25-2.75% and maturity October 30, 2023.
- Payoff includes ~$7.02M principal/interest, $300K prepayment fee tied to prior FDA IND approval, and $35K prepayment charges.
- All liens under the Western Alliance Agreement have been released.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768224/000119380523000356/0001193805-23-000356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768224/000119380523000356/e618370_8k-arct.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000356

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer