Xeris Refinances Its $150M Senior Secured Term Loan Facility With Hayfin Capital
Portfolio Pulse from Benzinga Newsdesk
Xeris Pharmaceuticals, Inc. has successfully refinanced its $150 million senior secured term loan facility with Hayfin Capital. This strategic financial move is aimed at improving the company's financial flexibility and potentially reducing its cost of capital.
March 06, 2024 | 12:01 pm
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Xeris Pharmaceuticals, Inc. has refinanced its $150 million senior secured term loan with Hayfin Capital, which could lead to improved financial flexibility and a reduction in the cost of capital.
Refinancing a significant loan like the $150 million senior secured term loan can provide a company with better financial terms, potentially lowering interest rates or providing more favorable repayment conditions. This can improve the company's balance sheet, reduce financial strain, and potentially free up capital for other investments or operational needs. Given the size of the loan and the involvement of a significant financial partner like Hayfin Capital, this move is likely to be viewed positively by investors and could lead to a short-term uptick in XERS's stock price.
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