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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Horizon Technology Finance Leads $35MM Debt Financing for Cerecor
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Lenders/Participants
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Horizon Technology Finance [Lender]
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Structure
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Term Loans
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Amount
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$35.000
Million
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Borrower(s)
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Cerecor Inc.
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Description
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$20 million of the $35 million loan was funded upon closing. The remaining $15 million may be funded upon Cerecor achieving certain predetermined milestones. Each advance of the loan will be repaid in 42 monthly payments consisting of 18 monthly payments of interest only, followed by 24 monthly payments of principal and accrued interest, and will be payable monthly in arrears. The interest-only period may be extended to 24 months contingent upon Cerecor achieving certain milestones. In connection with the financing, Cerecor issued Horizon warrants to purchase up to 403,844 of its common shares at an exercise price of $2.60 per share. Proceeds will be used to support the ongoing clinical development of key investigational product candidates within its pipeline and for general working capital purposes.
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Industry
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Biotechnology
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| Related Tags |
Horizon Technology Finance
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ABL Advisor
Deal Tables
2025
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