TSXV:TRL.H - Post by User
Post by
PitchinPennieson Apr 30, 2021 9:50am
158 Views
Post# 33100352
Ian steps up to bale out his sinking ship one mo' time
Ian steps up to bale out his sinking ship one mo' time | Acerus Pharmaceuticals Secures US$15 Million Loan Facility |
|
09:08 AM EDT, 04/30/2021 (MT Newswires) -- Men's health-focused Acerus Pharmaceuticals Corp. (ASP.TO) said Friday that it has entered into a US$15 million subordinated secured loan facility. The facility will be made available through one or more advances under a secured grid promissory note with First Generation Capital Inc. and is subordinated to an existing facility with SWK Funding LLC. The facility carries a coupon of 8% and is repayable in full on Dec. 31, 2024. Proceeds from the facility will be used for ongoing general working capital. |