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| ILI > SEC Filings for ILI > Form 8-K on 13-Mar-2009 | All Recent SEC Filings |
13-Mar-2009
Entry into a Material Definitive Agreement, Financial Statements and Exh
On March 11, 2009, Interleukin Genetics, Inc. (the "Company") entered into an amended and restated note purchase agreement, dated as of March 10, 2009, with Pyxis Innovations Inc., a majority stockholder of the Company ("Pyxis"), to extend the availability of the credit facility described below until March 31, 2010. The credit facility had been scheduled to expire on March 31, 2009.
The original note purchase agreement, entered into on October 23, 2002, was subsequently amended on November 13, 2002, January 28, 2003, March 5, 2003, February 23, 2006, August 17, 2006 and August 12, 2008. Pursuant to the note purchase agreement, as so amended, Pyxis extended to the Company a credit facility in the amount of $14,316,255.00. In June 2008, the Company drew down $4,000,000 under this credit facility, leaving $10,316,255.00 of remaining availability. The Company may now borrow under the credit facility until March 31, 2010. All such borrowing becomes due on August 16, 2011 and is convertible into shares of common stock at a conversion price equal to $5.68 per share.
A copy of the amended and restated note purchase agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
99.1 Amended and Restated Note Purchase Agreement, dated March 10, 2009, between the Company and Pyxis Innovations Inc.
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