Business Wire·Jun 8, 2026, 8:30 AM ET

Cerus Corporation Closes New Debt Facility of Up to $110 Million

Cerus Corporation closed a new $110 million debt facility with MidCap Financial consisting of a 5-year term loan & an asset-backed revolving loan.
The refinancing extends maturities, lowers the cost of capital, & reduces outstanding term loan balance by approximately $30 million.
Anticipated annual cash interest expense savings from the transaction are up to $3.5 million.
Initial proceeds & cash on hand were used to retire the existing $65 million term loan facility with MidCap.
The term loan includes a funded $35 million tranche at closing, with up to an additional $30 million available in $5 million increments.
Amortization of the term loan is deferred for 48 months, followed by 12 months of straight-line amortization.
The facility allows for prepayment at any time in increments of $5 million.
A new 5-year revolving loan agreement provides up to $45 million in capacity to support global commercial business growth.
The transaction enhances financial flexibility & positions Cerus to drive sustainable growth & execute long-term strategic priorities.