Precision BioSciences Extends Term Loan Maturity Date to December 2029

On June 10, 2026, Precision BioSciences, Inc. entered into a First Amendment to its Amended and Restated Loan and Security Agreement with Banc of California. The primary purpose of this amendment is to extend the maturity date of the company's existing Term Loan. Specifically, the maturity date has been moved from the original date of June 30, 2027, to a new date of December 31, 2029. This extension provides Precision BioSciences with an additional 2.5 years of financial flexibility regarding its debt obligations. The amendment further stipulates that Precision BioSciences must pay all associated bank expenses, including documentation and filing fees. All other material terms of the original agreement, initially established on July 31, 2024, remain in full force and effect. This strategic modification of the company's capital structure allows for a longer runway to manage its financial resources as it continues its operations. No other significant changes to the loan's interest rate or principal amount were disclosed in the filing.