Jaguar Animal Health Secures Debt Financing

SAN FRANCISCO--(BUSINESS WIRE)--Jaguar Animal Health, Inc. (NASDAQ:JAGX) (“Jaguar” or the “Company”), an animal health company focused on developing and commercializing first-in-class gastrointestinal products for companion and production animals, announced today that it has obtained a senior secured term loan facility (the “Loan Facility”) for up to $8 million, subject to specified conditions, with Hercules Technology Growth Capital, Inc. The initial $6,000,000 of the Loan Facility was drawn on August 18, 2015. The Loan Agreement contains a minimum cash covenant of up to $4,500,000 which can be reduced or eliminated with the achievement of certain milestones. An additional $2 million is available contingent on further milestones, all as set forth in the Loan Facility.

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