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Empery Digital Enters Into $100M Committed Delayed Draw Term Loan Credit Facility With Two Prime Lending

Benzinga Newsdesk 1 year ago

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Empery Digital Inc. (NASDAQ:EMPD) (the "Company" or "Empery Digital") today announced that it has entered into a $100 million committed delayed draw term loan credit facility with Two Prime Lending, as lender (the

Empery Digital Inc. (NASDAQ:EMPD) (the "Company" or "Empery Digital") today announced that it has entered into a $100 million committed delayed draw term loan credit facility with Two Prime Lending, as lender (the "Borrowing Facility"). The Company may draw proceeds from this facility, in one or more draws, an aggregate principal amount of up to $100 million, through October 12, 2026 at which date all such loans, together with any accrued and unpaid interest and related obligations, shall become due and payable in their entirety, subject to the Company's sole option to extend the due date of all such loans for one additional year, to October 12, 2027. Together with the Company's previously announced borrowing arrangements, this Borrowing Facility now gives the Company committed capacity of $150 million.

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