{"id":77992,"date":"2023-10-28T22:38:54","date_gmt":"2023-10-29T02:38:54","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/evelo-biosciences-horizon-technology-finance-sign-forbearance-agreement\/"},"modified":"2023-10-28T22:38:57","modified_gmt":"2023-10-29T02:38:57","slug":"evelo-biosciences-horizon-technology-finance-sign-forbearance-agreement","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77992","title":{"rendered":"Evelo Biosciences, Horizon Technology Finance Sign Forbearance Agreement"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231027-711159\" role=\"document\">\n<p>By Sabela Ojea<\/p>\n<pre><\/pre>\n<p>Evelo Biosciences and Horizon Technology Finance have entered a forbearance agreement, according to a Securities and Exchange Commission filing.<\/p>\n<p>Clinical stage biotechnology company Evelo on Friday said that Horizon agreed to forbear exercising remedies related to potential defaults through Dec. 15.<\/p>\n<div class=\"paywall\">\n<p>Evelo Biosciences said it paid down $11 million of the principal amount of the loans outstanding and amended the mandatory prepayment provision of the loan agreement.<\/p>\n<pre><\/pre>\n<p>Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/evelo-biosciences-horizon-technology-finance-sign-forbearance-agreement-9256e4d4?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sabela Ojea Evelo Biosciences and Horizon Technology Finance have entered a forbearance agreement, according to a Securities and Exchange Commission filing. Clinical stage biotechnology company Evelo on Friday said that Horizon agreed to forbear exercising remedies related to potential defaults through Dec. 15. Evelo Biosciences said it paid down $11 million of the principal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-77992","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evelo Biosciences, Horizon Technology Finance Sign Forbearance Agreement | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Sabela Ojea Evelo Biosciences and Horizon Technology Finance have entered a forbearance agreement, according to a Securities and Exchange Commission\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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