Alimera refinances debt with Solar Capital

Alimera Sciences has entered into a new $45 million term loan agreement with Solar Capital Partners, refinancing its debt facility, according to a press release.
The funding includes $42.5 million used to repay the current facility, including principal, prepayment fees and accrued interest, and $2.5 million that will be available if the company reached $30 million in revenue for any 6-month period ending on or before Nov. 30, 2020, the release said.
“We are pleased that Solar Capital has agreed to extend our relationship and continue working with Alimera in (Read more...)

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