www.fdanews.com/articles/74401-kosan-secures-35-million-line-of-credit
KOSAN SECURES $35 MILLION LINE OF CREDIT
July 18, 2005
Kosan Biosciences Inc. (KOSN.O: Quote, Profile, Research) on Monday said it had secured a $35 million line of credit. The credit facility, which is being provided by Silicon Valley Bank, is available in up to two draws through May 31, 2006, and upon drawdown converts to a five-year term loan, the Hayward, California-based company said in a news release. The term loan features a 24-month period of interest-only payments, followed by fixed principal and interest payments based on an 84-month amortization schedule and a balloon payment at the end of the five-year period, the company said.