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SWK Holdings Provides $25MM Loan Facility to Aziyo Biologics
Friday, August 12, 2022

Lenders/Participants SWK Holdings [Lender]
Structure Term Loan
Amount $25.000 Million
Borrower(s) Aziyo Biologics
Description The new credit facility provides for an initial term loan of $21 million that the Company intends to use to fund its ongoing commercial and product development initiatives, refinance its existing debt facilities, and to pay off all such other outstanding debt. In addition, the Company also has the option to draw under the new credit facility an additional term loan of $4 million, subject to the achievement of specified operational and financial metrics by September 30, 2023. The loan facility allows for the establishment of a new asset-based revolving loan facility of up to $8 million.
Industry Medical
Related Tags SWK Holdings