Biofrontera terminates $6.5M MidCap credit line; pays $150K prepayment fee

Biofrontera Inc.

Effective January 4, 2024, Biofrontera terminated the $6.5M MidCap Loan Agreement.
The termination required a $150,000 prepayment fee paid to MidCap.
This 8-K/A amends the Dec 2023 8-K to report completion of the termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Biofrontera Inc. terminated MidCap Loan Agreement with MidCap valued at prepayment fee of $150,000 (effective 2024-01-04).

Action: termination
Agreement: credit facility
Counterparty: MidCap
Value: prepayment fee of $150,000
Effective: 2024-01-04

Exact text from the filing

Effective as of January 4, 2024, the Company terminated the MidCap Loan Agreement. In connection with the termination, the Company paid a $150,000 prepayment fee to MidCap.

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Biofrontera Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-001848

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