AXCELLA HEALTH INC. : Conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, financial statements and supporting documents (Form 8-K)
Item 1.01 Conclusion of a Material Definitive Agreement.
The new loan agreement provides for a term loan commitment of up to
The new loan agreement also contains certain financial covenants, including an unlimited minimum cash level until certain conditions relating to the study data are met. The new loan agreement contains the usual representations and warranties, as well as certain non-financial covenants, including the commitment in any change of control transaction or the commitment of additional debt or privileges. As security for its obligations under the new loan agreement, the Company has provided the lenders with perfect first-class security on all existing and acquired assets of the Company, including intellectual property.
The above description of the new loan agreement does not claim to be complete and is qualified in its entirety by reference to the full text of the new loan agreement, which is filed with this current report on Form 8-K as an exhibit 10.1 and is incorporated herein by reference.
Article 2.03. Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant.
The information set out in section 1.01 above is incorporated herein by reference.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits: Exhibit No. Description 10.1† Loan and Security Agreement, dated
September 2, 2021, by and between Axcella Health Inc.and SLR Investment Corp. The cover page from this Current Report on Form 8-K, formatted as 104 Inline XBRL
† Portions of this exhibit (indicated by asterisks) will be omitted in accordance with
with the rules of
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