Exagen announces senior secured credit facilty

Exagen (XGN) entered into an agreement with Perceptive Advisors for a term loan credit facility of up to $75 million, with $25 million funded at closing to retire an existing debt facility and strengthen the balance sheet. On April 25, 2025, Exagen entered into a credit and guaranty agreement pursuant to which Perceptive has agreed to make certain term loans in the aggregate principal amount of up to $75 million. The first $25 million tranche was funded at close and used to retire Exagen’s existing term debt facility with Innovatus Capital Partners.