June 22, 2020 / 12:50 PM / 17 days ago

BRIEF-Athenex Says Entered Into $225 Million Senior Secured Loan Agreement

June 22 (Reuters) - Athenex Inc:

* ATHENEX INC - ON JUNE 19, ENTERED INTO $225 MILLION SENIOR SECURED LOAN AGREEMENT

* ATHENEX - FIRST TRANCHE OF LOANS BORROWED BY CO IS $100 MILLION

* ATHENEX - PORTION OF PROCEEDS OF FIRST TRANCHE OF LOANS WERE USED TO REPAY IN FULL EXISTING SENIOR SECURED LOAN

* ATHENEX INC - SENIOR SECURED LOANS UNDER LOAN AGREEMENT MATURE ON SIXTH ANNIVERSARY FROM CLOSING DATE

* ATHENEX - SENIOR SECURED LOANS UNDER LOAN AGREEMENT BEAR INTEREST AT A FIXED ANNUAL RATE OF 11.0%, PAYABLE QUARTERLY

* ATHENEX - IN LOAN AGREEMENT, CO GRANTED WARRANTS TO OAKTREE TO PURCHASE UP TO 908,393 SHARES OF CO'S COMMON STOCK AT $12.63/SHARE Source text: (bit.ly/2YXeF3x) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below