CareDx announces full repayment of outstanding debt

CareDx announced that it prepaid in full its outstanding debt on November 20, 2018. The prepaid debt, a $15M term loan from Perceptive Advisors, was obtained on April 13, 2018, had an interest rate of 9.0% plus the greater of LIBOR or 1.5%, an interest-only period of three years, and a maturity date of April 2023. In addition to the $15M debt prepayment, the company also paid Perceptive Advisors a prepayment premium and an exit fee. Cash and cash equivalents were approximately $62M after the payments.
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