Humacyte Secures $77.5 Million Senior Secured Loan Facility Led by Avenue Venture Opportunities

Reuters12-16
Humacyte Secures $77.5 Million Senior Secured Loan Facility Led by Avenue Venture Opportunities

Humacyte, Inc. and its wholly-owned subsidiary, Humacyte Global, Inc., have entered into a new loan and security agreement with Avenue Venture Opportunities Fund II, L.P. The agreement provides Humacyte with a senior secured term loan facility of up to $77.5 million, maturing on December 1, 2029. The financing includes an initial $40 million tranche funded at closing, a $12.5 million delayed draw tranche available between October 2026 and March 2027 subject to certain conditions, and an additional $25 million tranche available at the lenders' discretion between July 2027 and June 2028. The loans bear interest at a minimum rate of 11.5% and are secured by substantially all of Humacyte's assets. Proceeds will be used for working capital, general business purposes, and repayment of existing debt.

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