---
title: "Verrica Pharmaceuticals closes credit facility for up to $27.5 million with entity controlled by Chairman Paul Manning"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295136525.md"
description: "Verrica Pharmaceuticals closed a credit facility for up to $27.5 million with an entity controlled by Chairman Paul Manning. $12.5 million is available immediately, with another $15 million unlocking upon meeting revenue and operational milestones. The loan matures on Dec. 31, 2030, bears interest at 1-month SOFR + 8% (with a 4.5% floor), payable in kind. Proceeds will fund YCANTH commercialization, Phase 3 common warts programs, and corporate purposes."
datetime: "2026-08-06T20:02:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295136525.md)
  - [en](https://longbridge.com/en/news/295136525.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295136525.md)
generator: "portal-rs"
---

# Verrica Pharmaceuticals closes credit facility for up to $27.5 million with entity controlled by Chairman Paul Manning

-   Verrica closed a credit facility of up to USD 27.5 million with an entity controlled by Paul B. Manning. \* USD 12.5 million available immediately; another USD 15 million unlocks on revenue, growth, operational milestones. \* Interest set at 1-month SOFR + 8% with a 4.5% SOFR floor; interest payable in kind. \* Matures Dec. 31, 2030; no scheduled interest or principal payments until maturity absent a default. \* Secured by substantially all assets; proceeds earmarked for YCANTH commercialization, Phase 3 common warts program, corporate purposes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verrica Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608061601PRIMZONEFULLFEED9805527) on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**