News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Zogenix, Inc. Repays Outstanding Loan With Oxford Finance LLC and Silicon Valley Bank


8/1/2012 9:22:39 AM

SAN DIEGO, Aug. 1, 2012 (GLOBE NEWSWIRE) -- Zogenix, Inc. (Nasdaq:ZGNX), a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain, today announced that it has repaid all amounts outstanding under its amended and restated loan and security agreement, or loan agreement, with Oxford Finance LLC and Silicon Valley Bank. This included payment of $19.5 million for principal and interest outstanding under the loan agreement. Zogenix was also required to make a final payment of $1.2 million and a prepayment premium of $0.4 million, or 2% of the outstanding principal balance. In conjunction with the repayment, Zogenix also paid a $0.1 million prepayment premium to terminate its $10.0 million revolving credit facility with Oxford Finance LLC and Silicon Valley Bank, which did not have an outstanding balance.

Read at GlobeNewswire

comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES