ImmuCell Secures Financing for Growth and Stability Ahead

ImmuCell Corporation Announces Successful Bank Debt Refinancing

ImmuCell Corporation (NASDAQ: ICCC), a prominent player in the animal health sector, has recently made headlines by announcing a successful refinancing of a portion of its bank debt. This move is expected to enhance its financial structure and support its ongoing mission to develop and market essential products for dairy and beef cattle.

Key Financial Details of the Refinancing

The company secured a new loan from Maine Community Bank in the amount of $2,327,119. This loan carries a fixed interest rate of 6.5% per annum. The proceeds from this new loan were strategically used to pay off two prior loans: one from Maine Community Bank with an outstanding balance of $1,525,852 at a fixed interest rate of 7%, and another from the Finance Authority of Maine amounting to $768,209 with a rate of 8%.

Understanding the Impact of the New Loan

The prior loans had balloon principal payments totaling around $1,946,000, due in the third quarter of 2026. By refinancing now, ImmuCell not only reduces its interest burden but also extends its amortization schedule for the new loan to five years, maturing in the third quarter of 2030.

Management Insights

Michael F. Brigham, President and CEO of ImmuCell, expressed confidence about this financial decision, stating, "This represents a continuance of our very productive relationship with MCB. We are grateful for the support received from FAME, especially during mid-2023 when we needed it most." This highlights the importance of strong banking relationships and support from financial institutions in navigating financial challenges.

Future Directions for ImmuCell

Utilizing the funds from the early payoff of the FAME loan opens up opportunities for other initiatives within the state of Maine, reinforcing ImmuCell's commitment to regional development. This refinancing not only solidifies ImmuCell's financial standing but also enhances its capacity to innovate and expand. As a company focused on advancing animal health, the financial stability gained through this refinancing will enable deeper investments in research and product development.

Conference Call Details

ImmuCell is set to discuss its financial results for the quarter ending June 30, 2025, during a conference call scheduled for August 15, 2025. Interested stakeholders can participate by calling (844) 855-9502 for US-based listeners or (412) 317-5499 for international participants. This engagement provides an opportunity for investors to gain deeper insights into the company’s operations and strategic direction.

About ImmuCell Corporation

ImmuCell's mission is to create scientifically valid and practical products that improve animal health, particularly in dairy and beef cattle. They are known for their flagship product, First Defense, which delivers Immediate Immunity to newborn calves. Additionally, they are in the process of developing Re-Tain, a groundbreaking treatment for subclinical mastitis in dairy cows that aims to provide an effective alternative to traditional antibiotics, avoiding issues related to milk discard requirements.

Contact Information

For more information, please reach out to:

Michael F. Brigham, President and CEO,

Timothy C. Fiori, Chief Financial Officer,

ImmuCell Corporation,

(207) 878-2770.

Frequently Asked Questions

What is the main purpose of ImmuCell's refinancing?

The refinancing aims to reduce the financial burden of previous loans and enhance the company’s financial structure, allowing for greater investment in product development.

What products does ImmuCell focus on?

ImmuCell focuses on developing and marketing products that improve the health and productivity of dairy and beef cattle, including First Defense and the upcoming Re-Tain.

When is ImmuCell’s next conference call scheduled?

The next conference call is set for August 15, 2025, to discuss the financial results for the quarter ending June 30, 2025.

What financial institution did ImmuCell work with for this refinancing?

ImmuCell worked with Maine Community Bank to secure the new loan for refinancing.

How does this refinancing impact ImmuCell’s future?

This refinancing increases ImmuCell’s financial stability, allowing for future growth opportunities and investment in resources for product innovation.

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