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Stock impact report

MiMedx Announces Additional Access to Capital and Financing

MiMedx Group, Inc (MDXG) 
Last mimedx group, inc earnings: 4/28 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
MARIETTA, Ga., April 21, 2020 (GLOBE NEWSWIRE) -- MiMedx Group, Inc. (OTC PINK: MDXG) (“MiMedx” or “the Company”), an industry leader in advanced wound care and an emerging therapeutic biologics company, today announced that it has received notice from Bank of America that its application for a Paycheck Protection Program loan (a “PPP Loan”) under the CARES Act has been approved. The Company expects to receive the funds from the PPP Loan by the end of the month. In addition, the Company has agreed to terms for an amendment to its Loan Agreement, dated as of June 10, 2019, with Blue Torch Finance LLC (“Blue Torch”), to modify certain covenant terms in the original Term Loan Facility. Both the PPP Loan and the Blue Torch amendment would provide the Company with the additional capital and financial flexibility needed to support business operations in the midst of the current economic period.   Timothy R. Wright, MiMedx Chief Executive Officer, said: “Like other businesses, MiMedx is w Show less Read more
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