Sangamo lines up up to $30 million debtor-in-possession loan from Northridge ATM amid Chapter 11 filing

Sangamo Therapeutics, Inc.

Sangamo Therapeutics, Inc.

SGMO

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  • Sangamo entered a debtor-in-possession financing agreement with Northridge ATM for up to USD 30 million as it filed for Chapter 11.
  • Facility would be senior secured, backed by a first-priority lien on substantially all assets, with a superpriority claim.
  • Company is seeking court authority for an initial draw up to USD 10.5 million, followed by final approval for the full facility.
  • Maturity set for the earliest of Dec. 30, 2026, plan effectiveness, certain default-related acceleration, or other specified Chapter 11 milestones.


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