ELOX: Sixth Amendment adds bridge and Tranche 2 loans, PIK interest, and new agent SD MF 4 LLC

About this update from Eloxx Pharmaceuticals, Inc.

The Sixth Amendment to the Loan and Security Agreement, effective July 10, 2024, introduces a bridge loan, a new Tranche 2 Advance, and allows for payment-in-kind interest and optional or mandatory debt-to-equity conversion in a qualified financing. SD MF 4 LLC replaces Hercules as agent, and the amendment includes a broad release of claims and updated collateral arrangements. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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