NEW YORK (GenomeWeb) – CareDx today announced it has entered into a secured credit facility for a total of $20 million with East West Bank.

Under the terms of the loan agreement, the $20 million is available in two tranches: $16 million at closing and an additional $4 million if certain financial conditions are maintained during the initial six month period. The credit facility comes with no additional fees, matures in December 2018, and carries an initial annual interest rate of 5.25 percent that floats with the lender's prime rate.

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