Achieve Life Sciences Negotiates Refinancing with Silicon Valley Bank

Achieve Life Sciences (ACHV) has provided an update.

Achieve Life Sciences, Inc. is in discussions with Silicon Valley Bank to refinance its term loans, proposing a $20 million credit facility with a 2028 maturity and interest-only payments until the end of 2025. While aiming to finalize the deal by August 2024, the current agreement is non-binding, leaving uncertainty as to whether the refinancing will proceed as planned.

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