The CHF 75 million senior secured loan will be used by Basilea for the repayment of its convertible bonds (ISIN CH0305398148), which are due in December 2022 in an outstanding nominal amount of approximately CHF 117 million. The transaction allows us to achieve our goals of both reducing our debt level and avoiding dilution for our shareholders. Based on our strong financial position and growth prospects, we will be able to pay the remainder of the outstanding amount of the 2022 convertible bonds with cash at hand and furthermore, we intend to repay the CHF 75 million senior secured loan within two years from cash flows expected to be generated from our growing commercial business."