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Liquidia Secures $20.5MM Debt Facility with Silicon Valley Bank
Wednesday, March 3, 2021

Lenders/Participants Silicon Valley Bank [Lender]
Structure Debt Facility
Amount $20.500 Million
Borrower(s) Liquidia Corporation
Description Under the terms of the debt facility, Silicon Valley Bank will make loans available in three tranches. Proceeds from the first tranche of $10.5 million have been used to retire Liquidia’s existing term debt with Pacific Western Bank and adds approximately $1.0 million to Liquidia’s balance sheet. A second tranche of $5.0 million is available upon the Food and Drug Administration (FDA) granting Liquidia tentative approval for LIQ861 by June 30, 2022, and the third tranche of $5.0 million is available upon receipt of final and unconditional approval for LIQ861 by December 31, 2022. The debt facility will mature on September 1, 2024 and will consist of interest-only payments through March 31, 2023.
Industry Life Sciences
Related Tags Silicon Valley Bank

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