NEW YORK (GenomeWeb) – Tuscon, Arizona-based HTG Molecular has borrowed $5 million in a term loan from Oxford Finance and Silicon Valley Bank under a previous agreement, according to a document filed yesterday with the US Securities and Exchange Commission.

In a Form 8-K, HTG Molecular disclosed the Term B Loan, which bears interest at a fixed rate of 8.75 percent and is to be repaid monthly over the course of 30 months beginning April 1. The firm will also pay a final fee of $237,500 on September 1, 2018. 

The firm did not indicate how it planned to use the funds.

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