Cardiovascular Systems, Inc. Enters into Second Amendment to Loan and Security Agreement with Silicon Valley Bank

On March 29, 2022, Cardiovascular Systems, Inc. entered into the Second Amendment to Loan and Security Agreement with Silicon Valley Bank (SVB), which amends the Loan and Security Agreement between the Company and SVB, dated March 31, 2017 (as amended, the Loan Agreement). The Amendment extends the maturity date of the Loan Agreement by one year, to March 31, 2023. In addition, the Amendment amends the early termination fee to be 1.5% of the maximum dollar amount, unless refinanced with SVB.

The Amendment also includes various administrative changes.