Loan & DebtJun 16, 2026, 04:07 PM
Precision BioSciences Extends Term Loan Maturity to Dec 2029
AI Summary
Precision BioSciences, Inc. and Banc of California entered into a First Amendment to their Amended and Restated Loan and Security Agreement on June 10, 2026. This amendment extends the maturity date of the existing Term Loan from June 30, 2027, to December 31, 2029, providing the company with additional financial flexibility.
Key Highlights
- Precision BioSciences and Banc of California amended their Loan and Security Agreement on June 10, 2026.
- The amendment extends the Term Loan maturity date from June 30, 2027.
- The new Term Loan maturity date is December 31, 2029.
- The original Amended and Restated Loan and Security Agreement was dated July 31, 2024.
Price Impact
More from DTIL
Quarterly ResultAug 6, 7:27 AM
Precision BioSciences Q2: HBV cccDNA Eliminated, Cash to 2028
Quarterly ResultAug 6, 7:26 AM
Precision BioSciences Q2 Net Loss $(32.65)M; Extends Loan Maturity to 2029
Management ChangeJul 27, 7:36 AM
Precision BioSciences promotes Alex Kelly to COO, appoints Naresh Tanna CFO