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home / news releases / ACHV - Achieve Life Sciences refinances outstanding loan

ACHV - Achieve Life Sciences refinances outstanding loan

Achieve Life Sciences Inc.

2023-05-17 10:16:29 ET

  • Pharmaceutical company Achieve Life Sciences ( NASDAQ: ACHV ) said on Wednesday that it has refinanced an outstanding loan.
  • The loan is a the part of a previous debt agreement with Silicon Valley Bank, a division of First-Citizens Bank.
  • The new contingent convertible debt agreement refinanced the outstanding loan and accrued interest balance of $16.6M.
  • The outstanding loan now matures on Dec. 22, 2024, an extension of 12 months from the maturity on the extinguished loan.
  • Source: Press Release

For further details see:

Achieve Life Sciences refinances outstanding loan
Stock Information
Company Name: Achieve Life Sciences Inc.
Stock Symbol: ACHV
Market: NASDAQ
Website: achievelifesciences.com
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