bluebird (BLUE) Gets $175 Million Loan From Hercules, Shares Up [Yahoo! Finance]
Hercules Capital, Inc. (HTGC)
Last hercules capital, inc. earnings: 2/20 04:10 pm
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Source: Yahoo! Finance
The funding will extend bluebird's cash runaway by two years. The company's shares rose 1.4% on the news. Per the terms of the agreement, bluebird will get the term loans in four tranches. The first tranche of $75 million was drawn upon the closing of the transaction. BLUE will be eligible to draw two additional tranches of $25 million each, subject to the achievement of commercial milestones. If all three tranches totaling $125 million are executed, the transaction is expected to extend bluebird's cash runway through the first quarter of 2026. It will be based on current plans and the launch trajectory of its three gene therapies — Lyfgenia for sickle cell disease, Zynteglo for beta-thalassemia and Skysona for cerebral adrenoleukodystrophy. The agreement states that a fourth tranche of up to $50 million may be available at the sole discretion of Hercules. BLUE will be responsible for paying only the interest on any amount borrowed during the first three years of the five-year
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- SynOx Therapeutics secures up to $35m debt financing with Hercules Capital to progress development and commercialisation of emactuzumab [Yahoo! Finance]Yahoo! Finance
- SynOx Therapeutics secures up to $35m debt financing with Hercules Capital to progress development and commercialisation of emactuzumabPR Newswire
- SynOx Therapeutics secures up to $35m debt financing with Hercules Capital to progress development and commercialisation of emactuzumabPR Newswire
- Hercules Capital (HTGC) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates [Yahoo! Finance]Yahoo! Finance
HTGC
Earnings
- 2/15/24 - Beat
HTGC
Sec Filings
- 4/23/24 - Form DEF
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- HTGC's page on the SEC website