Celcuity Inc. (CELC): debt financing — Celcuity extends Term C Loan draw deadline to June 1, 2024 via Second Amendment with Innovatus

Celcuity Inc.

Second Amendment extends Term C Draw Period from April 1, 2024 to June 1, 2024.
$10M Term C Loan available upon achievement of Term C Milestone and satisfaction of conditions.
First $15M loan drawn April 2021; $20M additional loan drawn December 2022.
No other changes to Loan Agreement; up to $75M total borrowing capacity unchanged.
Representations and warranties reaffirmed; no event of default (except existing defaults).

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Celcuity Inc. amended credit facility of up to $75.0 million with Innovatus Life Sciences Lending Fund I, L.P..

Instrument: credit facility
Principal: up to $75.0 million
Counterparty: Innovatus Life Sciences Lending Fund I, L.P.
Event: amendment

Exact text from the filing

Amendment, shall be collectively referred to herein as the “Amended Loan Agreement”). As previously disclosed, the Amended Loan Agreement may provide the Company with up to $75.0 million through funding of up to five term loans. Funding of the first $15.0 million term loan occurred on April 8, 2021 in connection with entering into the original Loan

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Celcuity Inc. amended Second Amendment with Innovatus Life Sciences Lending Fund I, L.P. (effective 2024-03-29).

Action: amendment
Agreement: credit facility
Counterparty: Innovatus Life Sciences Lending Fund I, L.P.
Effective: 2024-03-29

Exact text from the filing

On March 29, 2024, Celcuity Inc. (the “Company”) entered into a Second Amendment (the “Second Amendment”) to its existing Loan and Security Agreement (the “Loan Agreement”), dated April 8, 2021, between the Company and Innovatus Life Sciences Lending Fund I, L.P., a Delaware limited partnership (“Innovatus")

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299 debt financings filed in the last 30 days. Browse all debt financings →

Celcuity Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-012030

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