SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 8.01 Other Events.
On October 18, 2022 (the “Termination Date”), the Loan and Security Agreement dated December 31, 2018, as amended (the “Agreement”) among Otonomy, Inc. (the “Company”), Oxford Finance LLC (“Oxford”) and the lenders set forth in the Agreement was terminated in connection with the Company’s payment of all amounts due and owing thereunder of approximately $17.0 million. As of the Termination Date, the Company had no balance outstanding under the Agreement.
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 thereunto duly authorized.
|Date: October 21, 2022||By:||/s/ Paul E. Cayer|
|Paul E. Cayer |
Chief Financial and Business Officer