|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Hercules Capital, Silicon Valley Bank Provide $80MM Credit Facility to Gritstone
|
Lenders/Participants
|
Hercules Capital, Inc. [Lender]
Silicon Valley Bank [Lender]
|
|
Structure
|
Credit Facility
|
|
Amount
|
$80.000
Million
|
|
Borrower(s)
|
Gridstone bio
|
|
Description
|
Under the terms of the $80 million credit facility, $20 million was drawn at closing with an additional $10 million available for drawdown by March 15, 2023. The remaining $50 million becomes available in tranches through June 15, 2024, upon achievement of certain milestones by Gritstone. Gritstone is under no obligation to draw funds in the future, and there are no warrants associated with the transaction.
|
|
Industry
|
Biotechnology
|
| Related Tags |
Hercules Capital, Silicon Valley Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|