March 8, 2018 / 7:08 AM / 5 months ago

BRIEF-Biopharma Credit targets $300 mln in placing

March 8 (Reuters) - Biopharma Credit Plc:

* SAYS ‍PROPOSED PLACING AND OFFER FOR SUBSCRIPTION OF C SHARES ( “INITIAL PLACING AND OFFER”) TARGETING US$300 MILLION OF GROSS PROCEEDS​

* SAYS ‍NET PROCEEDS TO BE USED TO ACQUIRE FURTHER INVESTMENTS IN ACCORDANCE WITH COMPANY’S INVESTMENT POLICY​

* SAYS ‍FOLLOWING SUCCESSFUL INVESTMENTS SINCE IPO COMPANY HAS CURRENT OUTSTANDING POTENTIAL COMMITMENTS OF UP TO US$350 MILLION​

* SAYS ‍STRONG PIPELINE OF FUTURE INVESTMENT OPPORTUNITIES, SOME OF WHICH MAY BECOME ACTIONABLE IN NEAR TERM​ Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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