NanoString closes financing

|About: NanoString Technologies (NSTG)|By:, SA News Editor

Capital Royalty L.P. loans NanoString Techologies (NSTG -4.1%) up to $45M. The initial tranche of $20M will be used to retire existing loans. The company may borrow another $10M within six months. The $30M loan's maturity date is March 31, 2020 at a fixed interest rate of 12.5%.

The remaining $15M will be available, at NSTG's option, through May 2015 contingent on certain borrowing conditions and the company delivering at least $40M in sales in the year prior to the measurement date.