Navigation Links
Isolagen Receives Bridge Financing to Allow it to Seek Debtor-in-Possession Financing in Connection With a Possible Filing Under Chapter 11 of the United States Bankruptcy Code
Date:5/6/2009

Isolagen Common Stock to be halted from trading on the NYSE Amex

EXTON, Pa., May 6 /PRNewswire-FirstCall/ -- Isolagen(TM), Inc. (NYSE Amex: ILE) today announced that the Company has entered into secured promissory notes and security agreements (the "Notes") with eight lenders pursuant to which the Company borrowed an aggregate of $500,417.00 in principal amount. The Notes bear interest at a rate of 20% per annum with principal and interest on the Notes due on the earlier of June 20, 2009 or the date that the Company files for voluntary or involuntary bankruptcy.

If the Company receives debtor-in-possession financing in any bankruptcy proceeding, the holders of the Notes shall have the right to exchange the face amount of the Notes, plus any accrued but unpaid interest, into such debtor-in-possession financing on the same terms and conditions as the debtor-in-possession financing on a pari passu basis and on a dollar-for-dollar basis. To secure the repayment of the Notes, the Company granted the holders of the Notes a security interest in and a lien on the Company's 57% equity interest in Agera Laboratories, Inc.

Viriathus Capital LLC ("Viriathus") acted as the Company's financial advisor and placement agent with respect to the offering of the Notes. Viriathus is also assisting the Company in seeking potential debtor-in-possession financing in connection with the possible filing of a voluntary petition for reorganization relief under Chapter 11 of Title 11 of the United States Bankruptcy Code. If the Company is successful in obtaining commitments for such financing in sufficient amounts, it is likely that the Company will file such a petition. The Company currently has no legal commitments for such financing, and there is no assurance that such financing will be available to the Company on satisfactory terms,
'/>"/>

SOURCE Isolagen, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Isolagen Inc. Completes Injections of Isolagen Therapy(TM) in Phase II/III Acne Scar Study
2. Isolagen, Inc. Reports Receipt of Initiation of Delisting Proceedings Notice from Amex
3. Isolagen, Inc. Sells Switzerland Facility
4. Isolagen, Inc. Promotes Todd Greenspan to Chief Financial Officer (CFO)
5. Isolagen, Inc. Receives Notification Letter from American Stock Exchange
6. Isolagen Inc. Promotes Declan Daly to Chief Executive Officer (CEO)
7. Isolagen Inc. to Present at the 26th Annual JPMorgan Healthcare Conference
8. Isolagen Modifies Ongoing Clinical Program for Acne Scars
9. Isolagen Initiates Phase III Clinical Program to Investigate Isolagen Therapy(TM) for the Treatment of Acne Scars
10. Isolagen, Inc. Postpones Annual Meeting
11. Bertram Receives Organizational Innovation Award at AONE Conference -- Award Sponsor B. E. Smith Also Announces Funding for Three Seed Grants
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/29/2015)... IL (PRWEB) May 29, 2015 To ... conducted research, choosing systems that have several awards for ... leaders on what systems stood out to them in ... for inclusion as well. , The 50 Great Health ... , Adventist Health System (Altamonte Springs, Fla.) , Advocate ...
(Date:5/29/2015)... RIDGELAND, Miss. (PRWEB) May 29, 2015 ... recently announced the graduates of its Advanced Training ... trains students, who fill roles in their health ... both the theory and methodology of continuous quality ... is a sister-program to Dr. Brent James’ internationally ...
(Date:5/29/2015)... York, New York (PRWEB) May 29, 2015 ... distributor of patented products, announces that it has signed ... Room, a technology patent that aims to let people ... industry experts in real time. , "This is an ... Chat Room " said Scott J. Cooper, CEO and ...
(Date:5/29/2015)... May 29, 2015 Inspire Nexus, a ... a solution to the question many life coaches have ... the experience and hours necessary to become a credentialed ... this question, but not for long. Inspire Nexus, a ... hire Coaches directly. Coaches who have experience coaching a ...
(Date:5/29/2015)... Mediaplanet has joined forces with Raw Elements ... importance of proper sun protection. The print component of ... circulation of approximately 250,000 copies and an estimated readership ... through a vast social media strategy, and across a ... explore the digital version of the campaign, click ...
Breaking Medicine News(10 mins):Health News:Becker's Hospital Review Names 50 Great Health Systems to Know 2Health News:Becker's Hospital Review Names 50 Great Health Systems to Know 3Health News:HORNE LLP’s Healthcare Delivery Institute Graduates Class from the Advanced Training Program 2Health News:Licensing Alert! World Patent Marketing's Latest Blockbuster Licensing Deal Gets A New Twist on Technology With The Live Expert Chat Room 2Health News:Licensing Alert! World Patent Marketing's Latest Blockbuster Licensing Deal Gets A New Twist on Technology With The Live Expert Chat Room 3Health News:Licensing Alert! World Patent Marketing's Latest Blockbuster Licensing Deal Gets A New Twist on Technology With The Live Expert Chat Room 4Health News:Licensing Alert! World Patent Marketing's Latest Blockbuster Licensing Deal Gets A New Twist on Technology With The Live Expert Chat Room 5
... , , , ... it has expanded the treatment capabilities of the Axxent(R) Electronic Brachytherapy, ... to further prove the safety and feasibility for the treatment of ... Physicists in Medicine (AAPM) Meeting. The Company also announced that ...
... , , INDIANAPOLIS, July 27 ... advancing lung cancer treatment. On the heels of new FDA ... treatment for nonsquamous non-small cell lung cancer (NSCLC) in the maintenance ... cancer studies at the 13th World Conference on Lung Cancer (WCLC) ...
... , , IRVINE, Calif., July 27 ... exchange and interoperability solutions, announces that its integration of BayCare ... providers to spend less time questioning patient medication history and more time ... in the integration by the project,s end. , , ...
... , , DOYLESTOWN, Pa., July 27 ... North American Product Innovation of the Year Award from Frost & ... efforts to reduce deaths related to heart attacks using the vProtect(TM) ... now widely believed to occur when so-called "vulnerable" plaques rupture, releasing ...
... , INDIANAPOLIS, July 27 SynCare, LLC(R), ... In d i a n a ... to Watc h . The ... sponsored by the Indiana Economic Development Corporation and its Small Business Development Center network ...
... , , COLUMBIA, Md., July 27 SETO ... has executed two new leases for its third hearing center in ... (Short Pump area) and for an additional hearing center in ... that both new centers will be operational by about September 1, ...
Cached Medicine News:Health News:Xoft Expands Cancer Treatment Platform With Launch of Skin Cancer Electronic Brachytherapy Trial at AAPM Meeting 2Health News:Xoft Expands Cancer Treatment Platform With Launch of Skin Cancer Electronic Brachytherapy Trial at AAPM Meeting 3Health News:Xoft Expands Cancer Treatment Platform With Launch of Skin Cancer Electronic Brachytherapy Trial at AAPM Meeting 4Health News:Lilly to Unveil More Than 30 Studies at Premier Lung Cancer Meeting 2Health News:Lilly to Unveil More Than 30 Studies at Premier Lung Cancer Meeting 3Health News:Lilly to Unveil More Than 30 Studies at Premier Lung Cancer Meeting 4Health News:Lilly to Unveil More Than 30 Studies at Premier Lung Cancer Meeting 5Health News:Lilly to Unveil More Than 30 Studies at Premier Lung Cancer Meeting 6Health News:Accenx Information Exchange Platform Live With BayCare's RxHistory - Goal to Reach 8,200 Users 2Health News:Prescient Medical Receives Frost & Sullivan Product Innovation of the Year Award 2Health News:Prescient Medical Receives Frost & Sullivan Product Innovation of the Year Award 3Health News:SynCare, LLC Honored as Indiana Company to Watch 2Health News:SETO Holdings, Inc. Enters Into Two Additional Leases for Two New Hearing Centers in Maryland and Virginia 2
(Date:5/28/2015)... , May 28, 2015 ... world,s largest provider of health care products and ... practitioners, today reminded its customers that the Henry ... physicians and veterinarians who experience operational, logistical or ... storms in the South Central region of the ...
(Date:5/28/2015)... , May 28, 2015 The ... http://www.morcellatorlawsuit2015.com )  in hysterectomies and myomectomies (procedures to remove ... that the FBI is investigating Johnson & Johnson,s ... manufacturer of the devices. According to the report ... 27 th , the FBI is trying to ...
(Date:5/28/2015)... 28, 2015 Research ... addition of the  "North America Ultrasound Devices ... - 2019)"  report to their offering.  ... is a type of imaging. It uses ... parts and structures inside the body. Health ...
Breaking Medicine Technology:Henry Schein Disaster Relief Hotline Is Open To Support Customers Affected By Storms In South Central, U.S. 2Henry Schein Disaster Relief Hotline Is Open To Support Customers Affected By Storms In South Central, U.S. 3Power Morcellator Attorneys at Bernstein Liebhard LLP Comment on Report That FBI Is Investigating Ethicon Morcellators 2Power Morcellator Attorneys at Bernstein Liebhard LLP Comment on Report That FBI Is Investigating Ethicon Morcellators 3North America Ultrasound Devices Market Report 2014-2019 - Technology and Applications 2
Bravo pH Receiver. For ambulatory 24/48 hour pH recordings using catheter-free radio-telemetry capsule. Features up to two channels. AA Batteries included....
Bravo Vacuum Pump Accessories Kit (One canister, one lid, one "O" ring tube, one tubing set)...
... esophhageal sphincter (LES) can be ... separate manometry system. pH catheters ... accessory kit and Digitrapper pH ... the LES. The kit and ...
pHix Strips easily fix the catheter on the nose and are made of microporous tape allowing the skin to breathe....
Medicine Products: