The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for IMRIS, Inc. on August 12, 2015. As per the order, the debtor has been authorized to obtain a term loan credit facility in the amount of $8.53 million consisting of Roll-Up Loans in the aggregate principal amount of $0.94 million, Imaging and Service Business Loans in the aggregate principal amount of $7.19 million, and Robotics Business Loans in the aggregate principal amount of $0.4 million from Deerfield Management Company, LP, Deerfield Private Design Fund II L.P., Deerfield Private Design International II, Ltd. And Deerfield Special Fund, LP with Deerfield Special Situations Fund, L.P., acting as the administrative agent. All other terms of the agreement remains same.
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2022 | IMRIS Inc. (OTCPK:IMRS.Q) acquired Superconducting Systems Inc. | CI |
2022 | IMRIS Inc. announced that it has received funding from Trinity Capital Inc. | CI |
1st Jan change | Capi. | |
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+10.55% | 67.6B | |
+11.64% | 18.21B | |
+21.03% | 13.41B | |
+9.40% | 13.37B | |
+16.53% | 9.94B | |
-32.90% | 5.74B | |
-10.98% | 5.57B | |
-4.09% | 4.91B | |
-4.83% | 4.87B |
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- Amendments to DIP Credit Agreement Approved for IMRIS, Inc.