Kyverna Therapeutics (KYTX) amended its loan agreement with Oxford Finance on July 8, 2026, effective June 30, 2026. The amendment extends the draw deadline for the remaining $15 million of Term A loans from June 30, 2026 to December 31, 2026, in exchange for a $187,500 fee. If Kyverna draws the full $15 million, the amendment also revises the terms for additional borrowings—a $5–20 million Term B loan and two $20 million Term C loans—each tied to achieving clinical or revenue milestones, and introduces minimum revenue covenants starting in the quarter ending June 30, 2027, September 30, 2027, or December 31, 2027, depending on other capital sources.
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