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Natera Draws $10M From Credit Facility

NEW YORK (GenomeWeb) – Natera has drawn $10 million from a credit facility with UBS Bank that provides a $50 million revolving line of credit, the company said yesterday in a regulatory filing.

The $10 million draw down will provide working capital for Natera to use on a temporary basis for "certain obligations." The draw down decreased the total principal amount outstanding under the credit line to $42 million.

Earlier this month, Natera reported that at as of Sept. 30, 2015, it had $196.2 million in cash and cash equivalents and $26.4 million in short-term investments.