iBio's Subsidiary, iBio CDMO And Woodforest National Bank Have Amended The Credit Agreement Dated November 1, 2021, Extending The Maturity Date From December 31, 2023 To The Earlier March 29, 2024, Or The Acceleration Of Maturity Of The Term Loan Followin
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iBio CDMO, a subsidiary of iBio, Inc., and Woodforest National Bank have amended their credit agreement, extending the maturity date of the term loan from December 31, 2023, to March 29, 2024, or an earlier date if the loan matures due to acceleration.
December 26, 2023 | 12:25 pm
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iBio's subsidiary, iBio CDMO, has extended the maturity date of its term loan with Woodforest National Bank, which may improve the company's short-term financial flexibility.
The extension of the loan's maturity date is likely to be viewed positively by investors as it indicates improved financial management and flexibility for iBio. This could lead to a short-term positive impact on iBio's stock price as it reduces immediate financial pressure and may improve investor confidence.
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