debt
confidence high
sentiment positive
materiality 0.85
Celcuity upsizes senior secured facility to $500M, receives $30M immediate funding
Celcuity Inc.
- Total facility increased to $500M ($350M committed + $150M discretionary); $30M funded, total outstanding $130M.
- Adds $100M upon FDA approval of gedatolisib in 2L wild-type advanced breast cancer; $120M upon commercial milestones.
- Maturity extended to Nov 1, 2029; interest-only period extended by 14 months, with possible 7-month FDA-approval extension.
- Issued warrants for 50,537 shares to lenders; cashless exercise through tenth anniversary of Term D funding.
- Funds will support NDA rolling submission via FDA's RTOR program, commercial launch prep, and strategic initiatives.
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