GENFIT Announces Non-Dilutive Royalty Financing Agreement and Debt Overhang Resolution Plan
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GENFIT has entered into a non-dilutive capped royalty financing agreement with HealthCare Royalty for up to €185 million and announced a debt overhang resolution plan.
January 30, 2025 | 8:00 am
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GENFIT has secured a non-dilutive royalty financing agreement with HealthCare Royalty for up to €185 million, which will help address its debt overhang. This move is likely to improve the company's financial stability without diluting shareholder value.
The non-dilutive financing agreement provides GENFIT with significant capital without issuing new shares, thus preserving shareholder value. The resolution of the debt overhang is a positive step towards financial stability, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
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