Acura Pharma Restructures Debt With New $1.8M Loan

Acura Pharmaceuticals (NASDAQ:ACUR) has received an new $1.8M loan from investor John Schutte which will enable it to retire its outstanding senior secured debt with Oxford Finance. After the Oxford transaction, to be consummated with a cash payment of $1.5M, the company will be required to grant Mr. Schutte a security interest in its assets.

The balance of the loan will fund operations into next month.

Source : https://seekingalpha.com/news/3396175-acura-pharma-restructures-debt-new-1_8m-loan

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