December 23, 2016 / 9:27 PM / a year ago

BRIEF-Array enters into loan, security agreement

Dec 23 (Reuters) - Array Biopharma Inc :

* Array Biopharma -on December 22, 2016 entered into loan and security agreement providing for term loan in original principal amount of $15 million

* Array Biopharma -on December 22, 2016 entered into loan and security agreement providing for revolving line of credit of up to $5 million

* Array Biopharma Inc - loan agreement also provides for revolving line of credit of up to $5 million - SEC filing

* Array Biopharma -co requested issuance of letter of credit of $2.8 million to secure obligations under lease agreement for Boulder, Colorado facilities Source text: (bit.ly/2ilGf7L) Further company coverage:

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