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NGSX > SEC Filings for NGSX > Form 8-K on 11-Mar-2013All Recent SEC Filings

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Entry into a Material Definitive Agreement, Other Events

Item 1.01. Entry into a Material Definitive Agreement.

The disclosure set forth under Item 8.01 below is hereby incorporated by reference into this Item 1.01.

Item 8.01. Other Events

On March 7, 2013, NeurogesX, Inc. (the "Company") repaid approximately $9.1 million of the amount the Company owes to Hercules Technology Growth Capital, Inc. ("Hercules") under the Loan and Security Agreement, dated as of August 5, 2011, as amended to date (the "LSA"), between the Company and Hercules. Under the terms of the LSA, Hercules had a security interest in the amounts repaid to it by the Company. The Company continues to be obligated to repay the remaining outstanding balance under the LSA of approximately $4.5 million. The repayment caused the Company's cash balance subject to a perfected lien in favor of Hercules to fall below the $10 million required by the LSA; however, Hercules and the Company amended the LSA to reduce the required cash balance requirement to $900,000.

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