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