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BioAmber Refinances $25 Million Loan

BioAmber has repaid the $25 million loan that it secured in June 2013 and secured a new debt facility.

December 19, 2014
The new $25 million term loan has a three-year maturity and an interest-only period that defers principal repayment until at least September 30, 2015. The Company has improved terms with Tennenbaum and the debt facility is expected to free up an additional $12 million of cash through to the end of 2015.

See Press Release
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