SWK Holdings Corporation, a life-science-focused, specialty finance company catering to small- and mid-sized commercial-stage companies, amended its revolving credit facility. The amended credit facility provides total commitments of $60 million, including a new $15 million commitment from Woodforest National Bank and an existing $45 million commitment from First Horizon Bank. All other terms of the facility remain unchanged, including the accordion feature, which provides for expansion of the facility up to $125 million, subject to customary conditions.
“We are thrilled to partner with Woodforest to expand our credit facility,” Jody Staggs, president and CEO of SWK Holdings, said. “In conjunction with the recent closing of a $30 million senior notes offering, the additional $15 million of credit facility commitment from Woodforest provides significant capital with which to execute our business plan, providing flexible financing to innovative life science companies.”
