Biotech News

Arrowhead Pharmaceuticals Refinances Existing Credit Facility, Lowering Borrowing Costs and Extending Maturity

Arrowhead Pharmaceuticals (ARWR)Arrowhead PharmaceuticalsCompany update

- Existing $400 million facility prepaid at a $68 million discount to the contractual minimum repayment amount - New $400 million term loan priced at SOFR plus 5.50% - Debt has no scheduled amortization payments or required sweeps during the term prior to the Maturity Date of November 2, 2031

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Arrowhead Pharmaceuticals

RNA Interference Platform Arrowhead Pharmaceuticals develops RNA interference medicines that silence disease-causing genes. Its delivery technologies support programs targeting the liver and other tissues. REDEMPLO REDEMPLO, or plozasiran, is an RNAi therapy targeting APOC3. It is approved in the United States to reduce triglycerides in...

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57.46 USD
Market cap
9.98B USD
Exchange
NASDAQ
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Biopharma
Location
United States