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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
MidCap Financial Amends $20MM Term Loan Agreement with Aptevo Therapeutics
Wednesday, August 8, 2018
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Lenders/Participants
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MidCap Financial Trust [Lender]
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Structure
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Term Loan Amendment
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Amount
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$20.000
Million
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Borrower(s)
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Aptevo Therapeutics Inc.
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Description
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Company executed a new agreement amending the terms of its original $20 million term loan agreement with MidCap Financial Trust. Under the new agreement, the timeline for Aptevo to begin making principal repayments has been extended from August 1, 2018 to February 1, 2020, with an opportunity for further deferral through August 1, 2020. In addition, the amount of restricted cash that Aptevo is required to maintain on its balance sheet has been reduced from $10 million to $5 million.
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Industry
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Healthcare
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| Related Tags |
MidCap Financial Trust
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ABL Advisor
Deal Tables
2024
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