![]() Eastward is excited to partner with Augmedix on its mission to rehumanize the clinician-patient relationship. “We were attracted by Augmedix’s large addressable market and great execution. ![]() “Eastward Capital Partners is pleased to support Augmedix’s differentiated offering, growth plans, and strong management team,” said Tim O’Loughlin, Investment Partner at Eastward Capital Partners. It has been great to team up with Eastward Capital Partners.” The refinancing provides us with greater flexibility to support the execution of our growth strategy. “Our recent fourth quarter 2020 capital raise, and OTCQX listing, combined with our strong financial performance, speak to a bright future for our company and our clinician partners. “We are happy to announce the refinancing, which enhances our balance sheet and significantly extends our operating runway,” said Paul Ginocchio, Chief Financial Officer of Augmedix. A portion of the proceeds from the term loan were used to pay down $13.0 million of the Company’s existing long-term debt and associated fees as of December 31, 2020, with the remaining being used for working capital and general corporate purposes. The new loan facility consists of a $15 million secured term loan and $2 million available in 4Q21 upon the achievement of certain financial objectives. ![]() Augmedix refinanced its long-term debt obligations through a secured term loan with Eastward Capital Partners. The Pom is a tiny toy dog with an average height between 8 to 11 inches and an average weight between 4 to 7 pounds. ![]()
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