Arrowhead Pharmaceuticals Announces $500M Strategic Financing Facility
Portfolio Pulse from Benzinga Newsdesk
Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.
August 08, 2024 | 9:03 pm
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Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.
The $500M financing facility provides Arrowhead Pharmaceuticals with significant non-dilutive capital, enhancing its financial stability and enabling the advancement of its RNAi therapeutics pipeline. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100