BRIEF-Htg Molecular Diagnostics Secures Debt Facility With Midcap Financial [Reuters]
HTG Molecular Diagnostics, Inc. (HTGM)
Last htg molecular diagnostics, inc. earnings: 11/12 04:01 pm
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Source: Reuters
BRIEF-Htg Molecular Diagnostics Secures Debt Facility With Midcap Financial | Reuters Reuters Staff 1 Min Read March 27 (Reuters) - Htg Molecular Diagnostics Inc: * HTG MOLECULAR DIAGNOSTICS SECURES DEBT FACILITY WITH MIDCAP FINANCIAL * HTG MOLECULAR DIAGNOSTICS INC - ?ENTERED INTO A SENIOR DEBT FACILITY WITH MIDCAP FINANCIAL TO REPLACE ITS EXISTING SENIOR CREDIT FACILITY * HTG MOLECULAR DIAGNOSTICS INC - ?DURATION OF TERM LOAN IS FIVE YEARS, WITH INTEREST ONLY PAYMENTS FOR FIRST TWO YEARS * HTG MOLECULAR DIAGNOSTICS - ?SENIOR FACILITY ALSO INCLUDES AN INITIAL $2.0 MILLION REVOLVING LINE OF CREDIT, SECURED BY ACCOUNTS RECEIVABLE AND INVENTORY * HTG MOLECULAR DIAGNOSTICS INC - ?REVOLVING LINE OF CREDIT IS EXPANDABLE TO UP TO $10.0 MILLION UNDER CERTAIN CONDITIONS OVER A FIVE-YEAR PERIOD * HTG MOLECULAR DIAGNOSTICS-UP TO $30.0 MILLION CREDIT FACILITY CONSISTS OF $7.0 MILLION TERM LOAN WITH ABILITY TO ACCESS ANOTHER $13.0 MILLION ADDITIONAL TRANCHE Source text for Eikon: Further company
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