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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Avenue Capital Provides Up to $32.5MM Credit Facility to CalciMedica
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Lenders/Participants
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Avenue Capital [Lender]
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Structure
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Credit Facility
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Amount
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$32.500
Million
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Borrower(s)
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CalciMedica
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Description
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Proceeds from the facility are intended to support the continued development of the Company's product pipeline. The credit agreement, which has a term of 3.5 years, includes an initial tranche of $10 million fully funded at close and additional tranches of up to $22.5 million available to the Company subject to certain milestones. There is no minimum cash requirement, nor other financial covenants, in the agreement. With the net proceeds from the first tranche of this facility, CalciMedica's cash position is expected to fund current operations into the middle of 2026.
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Industry
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Biopharmaceuticals
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| Related Tags |
Avenue Capital Group
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ABL Advisor
Deal Tables
2025
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