ALAMEDA, Calif.--(BUSINESS WIRE)--InSite Vision Incorporated (AMEX:ISV) -- an ophthalmic therapeutics, diagnostics and drug delivery company, today announced that it successfully completed an amendment extending the maturity date of its $6.3 million debt issued in December 2005 and January 2006. The amendment extends the maturity date of this debt to February 15, 2007. In addition, upon the consent of the holders of a majority of the principal amount (“Requisite Holders”) and the Company, the maturity date may be further extended to March 31, 2007. In connection with this amendment, the Company agreed that it would not issue certain equity securities without the approval of the Requisite Holders. This amendment gives the Company adequate liquidity to fund its operations through the end of January 2007.
