Vericel Enters into Expanded $25 Million Debt Facilities with Silicon Valley Bank and MidCap Financial to Support Accelerating MACI Uptake and Increased Epicel Usage
Vericel Corporation (VCEL)
Last vericel corporation earnings: 2/25 08:00 am
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Source: GlobeNewswire
CAMBRIDGE, Mass., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of expanded autologous cell therapies for the treatment of patients with serious diseases and conditions, today announced that it entered into an expanded $15 million term loan and retained an existing $10 million revolving line of credit with Silicon Valley Bank and MidCap Financial Services (MidCap Financial), providing Vericel access to up to a total of $25 million of capital. As of November 30, 2017, Vericel had an outstanding balance of $7 million under an existing term loan with Silicon Valley Bank and MidCap Financial which will be replaced with the expanded facility, providing approximately $8 million of incremental capital (excluding refinancing fees) to the company and bringing the total term loan balance to $15 million. The increased capital will support Vericel’s planned MACI® (autologous cultured chondrocytes on porcine collage membrane) sales force expansion fro
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News
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- Vericel Co. (NASDAQ: VCEL) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $54.00 price target on the stock.MarketBeat
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- US$52.07 - That's What Analysts Think Vericel Corporation (NASDAQ:VCEL) Is Worth After These Results [Yahoo! Finance]Yahoo! Finance
VCEL
Earnings
- 2/29/24 - Beat
VCEL
Analyst Actions
- 1/30/24 - TheStreet
VCEL
Sec Filings
- 4/18/24 - Form 144
- 4/17/24 - Form 144
- 4/11/24 - Form 4
- VCEL's page on the SEC website