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NEW YORK — French diagnostics firm Novacyt said on Wednesday that it has signed an agreement for a €5.0 million ($5.5 million) secured loan.

The loan is being provided by Harbert European Growth Capital (HEGC). Under the terms of the deal, the four-year loan has a fixed 11 percent annual interest rate and HEGC will receive warrants for around 6 million shares of Novacyt, representing 8.5 percent of the principal loan amount.

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