• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Verrica Pharmaceuticals to Secure $125 Million Term Loan Facility

August 14, 2023 by Forex Winner Leave a Comment

Verrica Pharmaceuticals announced on Monday that it has reached a non-binding term sheet for a term loan facility worth up to $125 million. The company anticipates closing the agreement by the end of the week.

According to the terms outlined in the sheet, Verrica plans to initially secure a loan of $50 million immediately after the transaction concludes. Additional capital will be made available in installments based on specific revenue milestones.

Best Forex Robots ›

Compare leading trading systems on the market

This five-year term loan is set to mature in July 2028.

Verrica expects that upon finalizing the deal, the upfront $50 million along with the $60 million in cash and cash equivalents it had on hand as of March 31 will extend its cash runway into the first quarter of 2025.

It is important to note that the term sheet does not serve as a definitive loan agreement, nor does it guarantee the finalization of a loan agreement, the closure of the proposed loan facility with the lender, or acquiring any funds under this facility.

In premarket trading, Verrica Pharma’s shares have dropped by 13% to $6.45.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: Financial News, Loan Agreement, Term Loan Facility, Verrica Pharmaceuticals

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

The Potential Government Shutdown: Should Investors Be Concerned?

September 21, 2023

Investor Interest in Arm Holdings PLC Dips After Strong Debut

September 19, 2023

Dell Technologies: Analyst Upgrades Rating on Improving Demand

September 19, 2023

Footer

Forex Broker Reviews

tastyworks

tastyworks Review

April 28, 2020 By Forex Winner

etx capital

ETX Capital Review

June 1, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure