Maze Therapeutics Secures Up to $200 Million Term Loan Facility from Hercules Capital
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Maze Therapeutics Inc. has secured a senior secured term loan facility of up to $200 million from Hercules Capital, Inc. The agreement includes an initial funding of $40 million and up to six additional tranches totaling $160 million, contingent on certain milestones. It mandates maintaining minimum cash balances unless specific market capitalization thresholds are met, providing financial flexibility for the company's business objectives.
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