Replies to post #6 on Pfenex Inc. (PFNX)

[crudeoil24]

Filing 8-K > Pfenex Inc. (the “Company”) and Wells Fargo Bank, National Association (“Wells Fargo”) had entered into that certain Amended and Restated Credit Agreement and the Amended and Restated Revolving Line of Credit Note by and between the Company and Wells Fargo dated July 1, 2015 (together, the “Amended Credit Facility”). On February 11, 2016, the parties agreed to terminate the Amended Credit Facility, and the Company repaid the approximately $3.8 million outstanding under the Amended Credit Facility using its restricted cash. The Company did not incur any termination penalties in connection with the termination of the Amended Credit Facility. The material terms of the Amended Credit Facility are described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2015 and are incorporated herein by reference.