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SPDR Dow Jones Industrial Average ETF Message Board

goldilocks82 1 post  |  Last Activity: Jun 1, 2016 7:20 AM Member since: Feb 27, 2008
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  • goldilocks82 goldilocks82 Jun 1, 2016 7:20 AM Flag

    I don't believe you are fully correct in saying that it is just the $25 million. This amendment is referring to the loan agreement dated on April 24, 2014. The press release at that time says that this is for $35 million (https://www.sec.gov/Archives/edgar/data/1267602/000126760214000028/alimerapressrelease.htm), which includes the $25 million advance for payment to PSDV that you are referencing, but also an additional $10 million that was used to pay off a preexisting loan (to Silicon Valley Bank) and provide additional working capital to Alimera.

    Sentiment: Buy

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