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