Tricida fully prepays $83.49 million outstanding under 2018 loan

By Taylor Fox

New York, March 16 – Tricida, Inc. fully prepaid is outstanding indebtedness, fees and other obligations and terminated all commitments and obligations under its loan and 2018 security agreement, according to an 8-K filing with the Securities and Exchange Commission.

Tricida’s total payment to the agent and lenders under the loan agreement was $83,493,750, including fees in the amount of $8,282,500 due.

Hercules Capital, Inc. is the administrative agent.

Tricida is a San Francisco-based pharmaceutical company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.