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SELECTED TRANSACTION DETAILS
MidCap Financial Amends $20MM Term Loan Agreement with Aptevo Therapeutics
Wednesday, August 8, 2018

Lenders/Participants MidCap Financial Trust [Lender]
Structure Term Loan Amendment
Amount $20.000 Million
Borrower(s) Aptevo Therapeutics Inc.
Description 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.
Industry Healthcare
Related Tags MidCap Financial Trust




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