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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

14. Subsequent Events

On January 6, 2023, the Company entered into a $150.0 million term loan agreement with Braidwell Transaction Holdings, LLC. The agreement provides for an initial term loan facility of $100.0 million which was funded on the closing date. The Company has the option to draw an additional $50.0 million within 18 months of the closing date. The term loan matures in January 2028. Borrowings under the term loan bear interest at an annual rate of Term SOFR plus 5.75%. The outstanding portion of the term loan is secured by substantially all of the Company’s assets with the priority interest of the lenders in the Braidwell Term Loan and the Revolving Facility subject to terms of a customary intercreditor agreement.