SI-BONE, Inc. (SIBN) Social Stream
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$SIBN New SEC Filing: 8-K Material Agrmt - SI-BONE, Inc. (0001459839) August 12MarketNewswire, published August 13, 2021
Item 1.01. Entry into a Material Definitive Agreement.On August 12, 2021, SI-BONE, Inc. (the "Company") entered into a Loan and Security Agreement (the "Loan Agreement") with Silicon Valley Bank., a California corporation ("SVB").Upon entry into the Loan Agreement (the "Effective Date") the Company borrowed $35.0 million pursuant to a term loan (the "SVB Term Loan"). The Company used the proceeds of the SVB Term Loan to repay in full and terminate the Company's existing credit facility with Solar Capital Ltd. as collateral agent (the "Solar Term Loan").The SVB Term Loan matures (the "Maturity Date") on either (a) August 1, 2025 or (b) August 1, 2026 dependent on the Company's achievement of (...)
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