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Lexicon enters USD 100 million loan facility with Hercules Capital

PUBT·05/06/2026 20:07:42
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Lexicon enters USD 100 million loan facility with Hercules Capital
  • Lexicon Pharmaceuticals entered loan facility with Hercules Capital providing up to USD 100 million in borrowing capacity.
  • USD 55 million funded at closing to repay existing Oxford Finance loan facility.
  • Additional USD 20 million tranche available subject to clinical, regulatory, financial milestones; further USD 25 million tranche available after second draw, subject to Hercules consent.
  • Facility carries floating rate at prime plus 3.1% with floor of 9.85%; includes 18-month interest-only period with up to two six-month extensions.
  • Maturity set for May 4, 2030; obligations secured by first-lien interest on all assets with minimum cash covenant starting June 1, 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lexicon Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062822-26-000094), on May 06, 2026, and is solely responsible for the information contained therein.