Establishment Labs Holdings Inc (ESTA) has released an update.
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Establishment Labs Holdings Inc. has revised its credit agreement with Oaktree Fund Administration, extending the deadline for Tranche C and D Term Loans and increasing the interest rate from 9% to 10% per annum. The amendment also alters the prepayment premium structure and modifies the milestones for loan availability, tying the release of Tranche C funds to FDA approval for Motiva Implants and reducing the sales target for Tranche D. These strategic financial adjustments aim to bolster the company’s position in the market.
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