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CTI BioPharma Obtains $18M Secured Loan from Silicon Valley Bank

Friday, 01 December 2017 02:14
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CTI BioPharma Corp. entered into a loan and security agreement with Silicon Valley Bank on Nov. 28, 2017, pursuant to which Silicon Valley has agreed to make a senior secured term loan of up to $18 million. The first $16 million of the term loan was funded on Nov. 28, 2017, and the remaining $2 million is available at the Company's option at any time from the occurrence of a Milestone Event through July 31, 2018, subject to the satisfaction of certain conditions. The term loan is repayable over 36 months after an initial interest-only period of at least 12 months after closing, which will be extended to 18 months upon the occurrence of the Milestone Event.

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  • New MACH Gen Case Summary & 20 Largest Unsecured Creditors

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                          1780 Hughes Landing, Suite 800

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    Affiliated companies that filed voluntary petitions seeking relief

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        Debtor                                                                  Case No.

        ------                                                                      --------

        New MACH Gen, LLC (Lead Debtor)                  18-11368

        MACH Gen GP, LLC                                            18-11369

        Millennium Power Partners, L.P.                          18-11370

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    Court: United States Bankruptcy Court

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    Judge: Hon. Mary F. Walrath

    Written on Wednesday, 13 June 2018 07:04 in Latest News Be the first to comment! Read 264 times Read more...