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MACK > SEC Filings for MACK > Form 8-K on 30-Jun-2014All Recent SEC Filings

Show all filings for MERRIMACK PHARMACEUTICALS INC

Form 8-K for MERRIMACK PHARMACEUTICALS INC


30-Jun-2014

Entry into a Material Definitive Agreement, Financial Statements an


Item 1.01. Entry into a Material Definitive Agreement.

On June 25, 2014, Merrimack Pharmaceuticals, Inc. (the "Company") entered into a Second Amendment to Loan and Security Agreement (the "Amendment") with Hercules Technology Growth Capital, Inc. ("Hercules") pursuant to which the Company and Hercules agreed to extend by four months the period during which Merrimack makes interest-only payments on its $40 million principal term loan. As a result of the Amendment, Merrimack will repay the aggregate outstanding principal balance of the loan in monthly installments starting on October 1, 2014 and continuing through March 1, 2017.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1    Second Amendment to Loan and Security Agreement, dated as of June 25,
        2014, by and between the Registrant and Hercules Technology Growth
        Capital, Inc.


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