YS Biopharma Unit Received Letter Claiming Breach Of Financial Covenant Related To Ebitda Margin;, R-Bridge Urged The Unit To Prepay Loan Of $44.7M By January 31, Citing Material Adverse Effect
Portfolio Pulse from Charles Gross
YS Biopharma's unit received a letter alleging a breach of a financial covenant related to EBITDA margin. R-Bridge has urged the unit to prepay a loan of $44.7 million by January 31, citing a material adverse effect.
January 26, 2024 | 11:33 am
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YS Biopharma's unit is alleged to have breached a financial covenant, which has led to R-Bridge demanding an early loan repayment of $44.7 million.
The claim of a financial covenant breach and the demand for early loan repayment are likely to raise concerns among investors about the financial stability of YS Biopharma's unit. This could negatively impact investor confidence and the stock price in the short term.
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