Sight Sciences, Inc. announced the closing of an up to $65 million senior secured credit facility with Hercules Capital, Inc. The transaction included the immediate draw of $35 million, the net proceeds of which the Company used to pay off the principal amount of the Company?s indebtedness to its previous secured lender. Key Credit Facility Terms: $35 million funded at loan closing, with up to an additional $30 million potentially available (subject to certain conditions as described in the credit agreements); 54-month maturity, with interest-only period of 30 months, which can be extended to 36 months subject to achievement of certain performance milestones.
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- Sight Sciences Announces the Closing of Up to $65 Million Senior Secured Credit Facility with Hercules Capital