Quotient (QTNT) Tops Q1 EPS by 7c
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Quotient Limited Expands Existing Term Credit Facility With MidCap Financial to $50 Million
August 3, 2015 5:06 PM EDTJERSEY, Channel Islands, Aug. 3, 2015 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT), a commercial-stage diagnostics company, today announced it had entered into an amended agreement with MidCap Financial ("MidCap") to increase its existing term credit facility from $15 million to up to $50 million (the "New MidCap Facility"). Quotient and MidCap originally entered into a $15 million term credit facility on December 6, 2013.
New funding of $15 million will be made immediately available to Quotient under the New MidCap Facility for working capital purposes. The remaining $20 million will be made available, subject to certain conditions, following receipt of CE-Marking for... More
Quotient Limited Expands Existing Term Credit Facility With MidCap Financial to $50 Million
August 3, 2015 5:05 PM EDTJERSEY, Channel Islands, Aug. 3, 2015 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT), a commercial-stage diagnostics company, today announced it had entered into an amended agreement with MidCap Financial ("MidCap") to increase its existing term credit facility from $15 million to up to $50 million (the "New MidCap Facility"). Quotient and MidCap originally entered into a $15 million term credit facility on December 6, 2013.
New funding of $15 million will be made immediately available to Quotient under the New MidCap Facility for working capital purposes. The remaining $20 million will be made available, subject to certain conditions, following receipt of CE-Marking for... More
