ADMA Biologics Repaid $30M From Original $72.5M Revolving Credit Facility With Ares Capital
Portfolio Pulse from Benzinga Newsdesk
ADMA Biologics has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.
August 14, 2024 | 1:00 pm
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ADMA Biologics has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital. This repayment could improve the company's financial stability and reduce interest expenses.
Repaying a significant portion of its revolving credit facility can improve ADMA Biologics' financial stability by reducing debt and interest expenses. This is a positive signal for investors, indicating better financial health and potentially leading to a short-term increase in stock price.
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