CONCORD, Calif.--(BUSINESS WIRE)--Cerus Corporation (NASDAQ:CERS) announced today that it has obtained a $10 million senior revolving line of credit from Wells Fargo Bank, N.A. Terms of the credit facility allow Cerus to draw down funds as needed for working capital and general corporate purposes. Interest is payable monthly at Cerus’ option either at the bank’s prime rate or LIBOR plus 2.00% on any outstanding balance. Principal is to be repaid by Cerus at the end of a one year term if the credit facility is not extended. The revolving credit facility is secured by the company’s assets.
