-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
WkuzlZf0VYZJXseYzAGVVnjMPCVu+TdmVOw199UAdYhw3yj8VDPeVmkOJhRLNa2L
cpprhI2jIO4te0SebkfOcA==
UNITED STATES FORM 8-K CURRENT REPORT the Securities Exchange Act of 1934 Date of report (Date of earliest event reported)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
INSPIRE PHARMACEUTICALS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-31135 04-3209022
4222 Emperor Boulevard, Suite 200, Durham, North Carolina 27703-8466
Registrant's telephone number, including area code
(919) 941-9777____________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
As previously reported, on June 27, 2007, Inspire Pharmaceuticals, Inc. entered into a First Amendment to Loan and Security Agreement (the "First Amendment") by and among Inspire, Merrill Lynch Business Financial Services Inc. and Silicon Valley Bank pursuant to which Inspire had the right to draw upon a new, supplemental term loan facility in a principal amount of up to $20,000,000 through December 31, 2007. On December 7, 2007, Inspire drew the $20,000,000 available under the supplemental term loan facility, which bears interest at 8.01%. For more information about the First Amendment, see the description of the First Amendment set forth in Inspire's Form 8-K dated June 27, 2007 and filed with the Securities and Exchange Commission on June 28, 2007, which description is incorporated herein by reference.
SIGNATURE
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 hereunto duly authorized.
Inspire Pharmaceuticals, Inc.
By: /s/ Thomas R. Staab, II_______________
Thomas R. Staab, II
Chief Financial Officer and Treasurer
Dated: December 18, 2007
-----END PRIVACY-ENHANCED MESSAGE-----