Botanix Signs Debt Facility with Kreos Capital

Key highlights

• Botanix has worked with Kreos Capital to establish a ~A$48 million (US$30 million) debt facility

• The new debt facility will be available to Botanix for working capital purposes for the

commercialisation of Sofdra™, as well as other platform expansion opportunities

• Following the recent A$40M capital raising and cash on hand at the end of the last quarter

(~A$28M)

So now there will be no need for a credit raising and therefore no dilution to existing shareholders, but it also means that Botanix must be moving a reasonable amount of stock as Kreos would have had a look at the books and liked what they saw.