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loan agreement

The company will use the funds to grow its team and to further develop and validate its proprietary deep learning technology.

The firm raised $8 million since May and is no longer obligated to raise an additional $2 million by January 2016, per the original terms of the loan facility.

Invitae drew down an initial tranche of $2.5 million and can draw down additional tranches of up to $2 million each under the terms of the deal.

The company used the proceeds from the financing to repay a $5 million loan. 

The company's CFO said the agreement reduces Hologic's interest expense, increases its financial flexibility, and extends its debt maturities.

The loan amendment extends the deadline for drawing a $10 million tranche under the original loan agreement from June 30, 2015 to Dec. 31, 2015.

The company has amended and restated a credit facility and a secured revolving note to increase the available borrowing amount for each to up to $120 million.

The $10 million was borrowed under an initial term loan pursuant to a debt facility created in January and led by GE Capital's Healthcare Financial Services business.

The firms have inked a non-binding letter of intent to negotiate a merger, and Medytox has provided CollabRx with a loan.

The company raised $5 million in private financing and is borrowing $5 million.

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