Abeona Therapeutics Announces $50 Million Credit Facility
ABEOAbeona Therapeutics(ABEO) Newsfilter·2024-01-08 20:30

CLEVELAND, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Abeona Therapeutics Inc. (NASDAQ:ABEO) today announced that it has entered into a 50millioncreditfacilitywiththeAvenueVentureOpportunitiesFund,L.P.Thecreditagreement,whichhasatermofthreeandahalfyears,includesafirsttrancheof50 million credit facility with the Avenue Venture Opportunities Fund, L.P. The credit agreement, which has a term of three and a half years, includes a first tranche of 20 million at closing, a second tranche of 10millionofcommittedcapital,andanadditionalaccordionoptiontoupsizethecreditfacilitybyanadditional10 million of committed capital, and an additional accordion option to upsize the credit facility by an additional 20 million upon satisfaction of certain terms and con ...