Financing ·
MindWalk Holdings Corp. announced a binding commitment for a US$30 million senior unsecured revolving credit facility…
HYFTMindWalk Holdings Corp.
MindWalk Holdings Corp. announced a binding commitment for a US$30 million senior unsecured revolving credit facility with Sanabil (Cayman). The facility carries a fixed annual interest rate of 7.00%, accruing only on drawn amounts, and has an initial term of 36 months extendable by 12 months. It includes no financial maintenance covenants, warrants, or equity conversion features, requiring no pledge of assets. A one-time 1.00% opening fee applies with no unused line fee. MindWalk expects to close the definitive agreement within 60 days. The proceeds will fund biologics programs, commercial expansion, working capital, and general corporate purposes. This debt financing avoids equity dilution at current share prices. MindWalk Holdings Corp. is a Bio-Native AI company building biological intelligence infrastructure for life sciences discovery.