Geron expands credit facility to $125M from $75M via Hercules Capital amendment

GERON CORP

Aggregate principal available increased from $75M to $125M under second amendment to Loan and Security Agreement.
Remaining $75M available in four tranches subject to clinical/regulatory milestones and lender approval.
Current outstanding principal is $50M; new facility charges include 1.0% facility charge per drawn tranche.
New minimum cash balance requirement: greater of 50% of outstanding or $30M before potential imetelstat approval.
Prepayment charge of 1.5% applies within first 36 months; no charge thereafter.

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