ADMA Biologics Announces Partial Paydown of Senior Term Loan Credit Facility
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ADMA Biologics has announced a partial paydown of its senior term loan credit facility, using cash on hand to repay $30 million to Ares Capital. This reduces ADMA's total debt to $75 million, a 29% reduction, supporting its earnings growth outlook.
December 20, 2024 | 12:15 pm
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ADMA Biologics has reduced its total debt by 29% by repaying $30 million of its senior secured term loan facility to Ares Capital, lowering its total debt to $75 million. This move is expected to support the company's earnings growth outlook.
The reduction in debt by 29% is a significant financial move for ADMA Biologics, as it decreases financial leverage and interest obligations, potentially improving profitability and supporting earnings growth. This is likely to be viewed positively by investors, leading to a potential short-term increase in stock price.
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