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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Hercules Capital Provides $50M Term Loan Facility to Senseonics
Tuesday, September 12, 2023
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Lenders/Participants
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Hercules Capital, Inc. [Lender]
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Structure
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Term Loan
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Amount
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$50.000
Million
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Borrower(s)
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Senseonics Holdings
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Description
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The term loan facility provides for up to $50 million of term loans in the aggregate, available to be funded in multiple tranches. In addition to its initial drawdown of $25 million, Senseonics may, for a period of time following achievement of revenue milestones, draw an additional tranche of up to $10 million. An additional tranche will be available to Senseonics in the amount of up to $15 million for a period of time following additional revenue and gross margin milestones. In addition, the availability of each tranche is subject to certain customary conditions to drawing. Senseonics is under no obligation to draw funds in the future.
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Industry
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Medical
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Location
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MD
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| Related Tags |
Hercules Capital
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ABL Advisor
Deal Tables
2025
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