GLOBAL BLOOD THERAPEUTICS, INC. : conclusion of a material definitive agreement, creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a holder (form 8-K)
Article 1.01. The conclusion of an important definitive agreement.
The A&R loan agreement provides the Company with an additional term loan commitment from the lenders in the aggregate principal amount of one hundred million dollars (
Under the A&R loan agreement, the term loan has a maturity date of
The obligations under the A&R loan agreement are secured by a first ranking security interest and a lien on substantially all of the assets of the Company, subject to certain exceptions.
The A&R loan agreement contains certain customary representations and warranties, positive and negative covenants and events of default applicable to the Company and its subsidiaries. If an event of default occurs and continues, lenders can, among other things, expedite loans and seize collateral.
The foregoing description of the terms of the A&R Loan Agreement does not purport to be complete and is subject to, and is qualified in its entirety by, a reference to the A&R Loan Agreement, which the Company intends to file. as an attachment to its annual report on Form 10-K for the fiscal year ending
Article 2.03. Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant.
The information in Item 1.01 above relating to the A&R Loan Agreement is incorporated by reference in this Item 2.03.
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