Esperion Strengthens Balance Sheet with Closing of Significant Refinancing Transactions
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Esperion has strengthened its balance sheet by closing significant refinancing transactions, including a $150 million senior secured term loan credit facility and a new $100 million convertible note. These funds will be used to repay a significant portion of its existing $265 million convertible debt.
December 18, 2024 | 12:15 pm
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Esperion has secured a $150 million term loan and a $100 million convertible note to refinance its existing $265 million convertible debt, improving its financial stability.
The refinancing allows Esperion to manage its debt more effectively, reducing financial risk and potentially improving investor confidence. This move is likely to have a positive short-term impact on the stock price as it strengthens the company's balance sheet.
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