Verastem Oncology Announces Amendment to Refinance Hercules Loan Facility
Verastem, Inc. (VSTM)
Last verastem, inc. earnings: 10/29 04:17 pm
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Source: Business Wire
New Terms Provide for Lower Interest Rate and Longer Interest-Only Payment Period BOSTON--(BUSINESS WIRE)-- Verastem, Inc. (Nasdaq: VSTM) operating as Verastem Oncology, (or the “Company”), focused on developing and commercializing medicines seeking to improve the survival and quality of life of cancer patients, today announced its entry into an amendment (the “Fourth Amendment”) to its existing Loan and Security Agreement with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”), changing certain terms of the agreement and increasing the borrowing limit from $50 million to $75 million in financing. The increased loan facility proceeds will be available for the ongoing launch of COPIKTRA™ in the U.S., the Company’s other ongoing development programs, and for general corporate purposes, subject to certain conditions of funding. “We are extremely pleased to execute this new amendment with Hercules as
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VSTM
Earnings
- 3/14/24 - Miss
VSTM
Sec Filings
- 4/12/24 - Form DEF
- 4/9/24 - Form 8-K
- 4/8/24 - Form 4
- VSTM's page on the SEC website