EDGAR·FLOW

Alamar Biosciences, Inc. — Form 10-Q

Filed November 3, 2026 · analyzed by the Periodic Agent
10-Q — Neutral significance 28/100
What the filing says
Alamar Biosciences executed a Third Amendment to its Loan and Security Agreement with Silicon Valley Bank (a division of First-Citizens Bank Trust Company) on August 6, 2026. The amendment refinances existing Term Loan B Advances and Revolving Line Advances on a cashless basis into a unified $60 million Revolving Line (expandable to $100M via accordion). Key terms: interest at Prime minus 0.50% (floor 6%), maturity July 1, 2029, $150K final payment waiver fee + $25K amendment fee immediately due. Borrower paid $300K prepayment fee waiver and $100K termination fee waiver. No material change to core financial terms; primarily a structural refinancing consolidating prior debt facilities.
Why this rating

Refinancing of existing debt on substantially similar terms is routine administrative action. Represents ~$60M of ~$391M asset base (15% relative size). No new capital injection, no material covenant changes, no evidence of distress or improved position.

View original filing on SEC.gov ↗ ALMR · stock on Yahoo Finance ↗

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