Tevogen extends $36 million credit facility with Patel Family to May 2029
TVGN•Tevogen amended its $36 million unsecured credit facility with The Patel Family, extending the borrowing period to May 31, 2029, and increasing flexibility for monthly draws. Share-based repayment on November 2 cleared $7.4 million in principal and $177,880 in interest, eliminating all outstanding liabilities under the agreement.
1. Facility terms amended
Tevogen amended its $36 million unsecured credit facility with The Patel Family on October 27, 2026, extending the borrowing period from May 31, 2027, to May 31, 2029. Remaining borrowing capacity is $28.6 million, and flexible monthly draws replace the previous $1 million monthly limit. Shares issued for principal and interest payments now carry a fixed price of $7.40, replacing the prior $75 interest price and principal floor.
2. Share-based repayment
On November 2, 2026, share-based repayment cleared $7.4 million in principal and $177,880 in interest, eliminating all outstanding liabilities under the agreement.
