Xeris Refinances Its $150M Senior Secured Term Loan Facility With Hayfin Capital
An additional $15.2 million of the debt facility is available to redeem, if needed, Xeris’ outstanding 5.00% convertible senior notes due mid-2025.
- An additional $15.2 million of the debt facility is available to redeem, if needed, Xeris’ outstanding 5.00% convertible senior notes due mid-2025.
- Xeris is entitled to make interest-only payments on a quarterly basis until the maturity date or earlier prepayment of the loan.
- During the term of the loan, Xeris is required to maintain certain minimum liquidity and revenue requirements.
- Andrew Merrill, Managing Director of Healthcare at Hayfin said, “We are pleased to continue to invest in Xeris through this new senior secured loan.