Apollo Endosurgery Extends Maturity Date on Senior Secured Term Loan and Convertible Notes

Author's Avatar
Dec 07, 2020
Article's Main Image

AUSTIN, TX / ACCESSWIRE / December 7, 2020 / Apollo Endosurgery, Inc. ("Apollo") (NASDAQ:APEN), a global leader in less invasive medical devices for gastrointestinal and bariatric procedures, today announced an agreement with Solar Capital Ltd. to extend the interest only period and maturity date of its existing term loan. In addition, the Company and holders of 99.25% of the outstanding principal amount of its 6% convertible notes due 2024 have also agreed to an extension of the maturity date on those notes.