05:07 PM EDT, 06/04/2025 (MT Newswires) -- NeuroPace ( NPCE ) said late Wednesday it secured $75 million in debt financing from MidCap Financial (MFIC).

The agreement includes a $60 million term loan and a $15 million revolving credit facility.

Proceeds from the term loan were used to repay its existing debt with CRG Partners, while the revolving facility remains available for working capital and other corporate purposes.

Both facilities have a five-year term. Interest on the loans is based on the secured overnight financing rate with a 2% floor, plus 5.5% for the term loan and 3.75% for the revolving credit line, according to the company.