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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Hercules Capital Provides Flexible Credit Facility Up to $50MM to Alector
Friday, November 15, 2024
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Lenders/Participants
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Hercules Capital, Inc. [Lender]
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Structure
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Debt Financing Facility
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Amount
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$50.000
Million
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Borrower(s)
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Alector
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Description
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Under the terms of the agreement, Alector drew an initial $10 million at closing. An additional $15 million is available at the Company’s request through June 30, 2026, with an additional $25 million available upon lender approval. The Company is under no obligation to draw funds in the future. The credit facility carries a low double-digit cost of capital.
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Industry
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Biotechnology
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Location
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CA
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| Related Tags |
Biotechnology, Hercules Capital
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ABL Advisor
Deal Tables
2024
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