debt
confidence high
sentiment neutral
materiality 0.25
Interpace Biosciences extends maturity of $7.5M in secured notes to October 31, 2021
INTERPACE BIOSCIENCES, INC.
- Ampersand Note principal $4.5M, 1315 Capital Note $3.0M; total $7.5M in secured debt.
- Maturity date extended one month from September 30, 2021 to October 31, 2021.
- This is the fourth amendment to each note; terms otherwise unchanged.
- Security agreement remains in full force and effect.
- Noteholders are related parties holding convertible preferred shares (39% and 26% fully diluted combined).