debt
confidence high
sentiment positive
materiality 0.75
MeiraGTx secures up to $100M debt financing from Perceptive, collateralized by manufacturing facilities
MeiraGTx Holdings plc
- $75M initial term loan from Perceptive Advisors, with option for additional $25M; interest at 10% + SOFR, maturity Aug 2026.
- Collateralized by manufacturing facilities in London and Shannon, Ireland; no IP encumbered.
- Warrants issued: 400k shares at $15 (92% premium) and 300k at $20 (156% premium), expire Aug 2027.
- Proceeds to fund pipeline, extend cash runway to Q4 2024; Lumeos trial fully funded by Janssen.
- Director Hukkelhoven is managing director at Perceptive; affiliates own >10% of MGTX.