Rapid Micro Biosystems pays $28.7M to terminate Kennedy Lewis loan, releases liens

RAPID MICRO BIOSYSTEMS, INC.

Paid $28.7M to terminate Loan and Security Agreement with Kennedy Lewis Management LP.
Outstanding obligations included $26.2M principal, $1.83M prepayment premium, $0.68M interest/fees.
All liens on company assets released; securities and warrants survive.
Loan originally $25M principal (May 2020) plus $1.2M accrued paid-in-kind interest.
Termination effective September 17, 2021.

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