Akebia Secures $55M Term Loan Financing
Portfolio Pulse from Benzinga Newsdesk
Akebia Therapeutics, Inc. (NASDAQ: AKBA) has closed a loan facility with BlackRock, providing up to $55 million in borrowing capacity available in three tranches. This financial move aims to support Akebia's mission to improve the lives of those affected by kidney disease.
January 30, 2024 | 1:08 pm
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Akebia Therapeutics has secured a $55 million term loan from BlackRock, which could provide the company with the necessary financial resources to continue its operations and research in kidney disease treatments.
The announcement of securing a loan facility usually indicates a positive financial development for a company, providing it with additional capital to fund its operations and research. This is likely to be viewed positively by investors in the short term, as it suggests confidence from BlackRock in Akebia's potential and financial health.
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