Seeking Alpha

Hansen Medical gets more favorable terms on debt agreement

  • Hansen Medical (HNSN +0.6%) announces the closing of an amended $33M debt facility.
  • The senior secured agreement now excludes intellectual property from the collateral pool and calls for the reduction of up-front fees and early repayment fees.
  • The facility is interest-only (quarterly basis) with the principal due on December 30, 2017. (PR)
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