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X4 Pharmaceuticals secures up to $150M debt facility
Seeking Alpha ·
Seeking Alpha reports: X4 Pharmaceuticals said it entered into a senior secured term loan facility of up to $150M with K2 HealthVentures, replacing its previous loan agreement and providing the company with additional financial flexibility. The first $80M tranche was funded at closing and used to fully repay the company’s previous loan, including $75M of principal and related fees, as well as associated closing costs. An additional $70M may be made available at X4’s request, subject to K2HV…