June 29, 2017 / 1:17 PM / 25 days ago

BRIEF-Mannkind draws remaining funds under Mann Group loan arrangement

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June 29 (Reuters) - Mannkind Corp:

* Mannkind- ‍delivered funding request notification to Mann Group pursuant to terms of Mann Group loan

* Mannkind - ‍upon funding, Mannkind will concurrently use $10.6 million of proceeds to capitalize all accrued but unpaid interest under loan arrangement​

* Mannkind Corp - ‍funding request notification to Mann Group LLC to draw remaining $30.1 million under Mann Group loan arrangement​

* Mannkind Corp - ‍outstanding balance under loan arrangement after transaction will be $79.7 million, which is due on January 5, 2020​ Source text for Eikon: Further company coverage:

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