Tevogen Extends $36 Million Credit Facility With Patel Family to May 2029
Bitget2026/11/03 11:03- Tevogen amended its $36 million unsecured credit facility with The Patel Family on October 27, 2026.
- The amendment extends the borrowing period to May 31, 2029, from May 31, 2027.
- Remaining borrowing capacity totals $28.6 million, with flexible monthly draws replacing the previous $1 million monthly limit.
- Shares issued for principal and interest payments now carry a fixed $7.40 price, replacing the prior $75 interest price and principal floor.
- On November 2, 2026, share-based repayment cleared $7.4 million in principal and $177,880 in interest, eliminating all outstanding liabilities under the agreement.
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