UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On August 14, 2023, Marinus Pharmaceuticals, Inc. (the “Company”), pursuant to its previously disclosed Credit Agreement, and Guaranty dated as of May 11, 2021, with Oaktree Fund Administration, LLC, as the administrative agent (the “Administrative Agent”), and the lenders party thereto (as amended by that certain Letter Agreement on May 17, 2021, that certain Letter Agreement on May 23, 2022, and that certain Limited Consent and First Amendment to Credit Agreement on October 28, 2022, the “Credit Agreement”), delivered to the Administrative Agent a notice of commitment termination with respect to the $25.0 million of Tranche C term loan commitment (the “Tranche C Term Loan Commitment”). Following the termination of the Tranche C Term Loan Commitment, the loans under the Credit Agreement consist of $75.0 million of previously drawn term loans with no additional funds available thereunder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MARINUS PHARMACEUTICALS, INC. | |
Date: August 15, 2023 | /s/ Steven Pfanstiel |
Steven Pfanstiel | |
Chief Operating Officer, Chief Financial Officer and Treasurer |
Document and Entity Information |
Aug. 14, 2023 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Aug. 14, 2023 |
| Entity File Number | 001-36576 |
| Entity Registrant Name | Marinus Pharmaceuticals, Inc. |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 20-0198082 |
| Entity Address State Or Province | PA |
| Entity Address, Address Line One | 5 Radnor Corporate Center |
| Entity Address, Adress Line Two | Suite 500 |
| Entity Address, Address Line Three | 100 Matsonford Rd |
| Entity Address, City or Town | Radnor |
| Entity Address, Postal Zip Code | 19087 |
| City Area Code | 484 |
| Local Phone Number | 801-4670 |
| Title of 12(b) Security | Common Stock, par value $0.001 |
| Trading Symbol | MRNS |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001267813 |
| Amendment Flag | false |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
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