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Re: midastouch017 post# 1331

Wednesday, 01/06/2021 8:14:44 AM

Wednesday, January 06, 2021 8:14:44 AM

Post# of 1471
ReWalk Robotics Repays Outstanding Balance on Kreos Credit Line
8:00 am ET January 6, 2021 (Globe Newswire)


Credit line originally established in 2015 is now fully paid off

ReWalk Robotics Ltd. (Nasdaq:RWLK) ("ReWalk" or the "Company") today announced that it has repaid in full the outstanding balance on its credit line from Kreos Capital V (Expert Fund) Limited ("Kreos"). The final payment was made on December 29, 2020 and discharged all of the Company's obligations to Kreos.

ReWalk and Kreos entered into an agreement to establish the line of credit at the end of 2015, and ReWalk drew down an initial tranche of $12 million at the beginning of 2016. Further drawdown provided the company an additional $8M of funds for a total loan amount of $20M.
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