June 25, 2020 / 8:47 PM / 10 days ago

BRIEF-HTG Molecular Diagnostics Secures Senior Term Loan From Silicon Valley Bank

June 25 (Reuters) - HTG Molecular Diagnostics Inc:

* HTG MOLECULAR DIAGNOSTICS SECURES SENIOR TERM LOAN FROM SILICON VALLEY BANK

* HTG MOLECULAR DIAGNOSTICS INC - ENTERED INTO A $10.0 MILLION SENIOR TERM LOAN AGREEMENT WITH SILICON VALLEY BANK

* HTG MOLECULAR DIAGNOSTICS INC - TERM LOAN REPLACES EXISTING SENIOR CREDIT FACILITY.

* HTG MOLECULAR DIAGNOSTICS INC - PROCEEDS HAVE BEEN USED TO PAY OFF OUTSTANDING $7.0 MILLION PRINCIPAL AMOUNT TERM LOAN WITH MIDCAP FINANCIAL

* HTG MOLECULAR DIAGNOSTICS INC - PROCEEDS USED TO PAY OFF $3.0 MILLION PRINCIPAL AMOUNT CONVERTIBLE PROMISSORY NOTE HELD BY QIAGEN Source text for Eikon: Further company coverage:

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