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Stock impact report

Senseonics Enters into New Credit Facilities with Certain Funds Managed by Highbridge Capital Management, LLC

Senseonics Holdings, Inc. (SENS) 
Last senseonics holdings, inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: senseonics.com/investor-relations
Company Research Source: Business Wire
New credit facilities provide up to $20 million in near-term liquidityIn combination with cost-reduction initiatives, provide runway to complete value-enhancing development activities to seek approval of 180-day productSenseonics continues to pursue its previously announced exploration of strategic alternatives GERMANTOWN, Md.--(BUSINESS WIRE)--Senseonics Holdings, Inc. (NYSE American: SENS), a medical technology company focused on the development and commercialization of a long-term, implantable continuous glucose monitoring (CGM) system for people with diabetes, today announced that it has entered into a new senior secured Term Loan Agreement with certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), an existing stakeholder. Pursuant to the Term Loan Agreement, the Company will draw down $15.0 million from the new First Lien Secured Term Loan with a maturity date of October 24, 2021 (the “First Lien Term Loan). The First Lien Term Loan will pay interest in c Show less Read more
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