Coronado secures $15M loan

Coronado Biosciences Inc. (NASDAQ:CNDO) received a $15 million loan from Hercules Technology Growth Capital. The secured loan matures on March 1, 2016, and bears interest at a rate equal to the greater of 9.25% or 9.25% plus the sum of the prevailing prime rate minus 3.25%. Hercules received warrants to purchase 73,009 Coronado shares at $5.65. Coronado was off $0.01 to $5.78 on Wednesday. ...