Allurion Closes $48 Million Convertible Senior Secured Note Financing with RTW Investments
Allurion Technologies, Inc. (ALUR)
Company Research
Source: Business Wire
Simplifies capital structure through prepayment of existing term loanReduces annual interest expense, providing increased near-term cash flow and operational flexibilityExtends expected cash runway in advance of AUDACITY FDA trial read-outStrengthens long-term partnership with RTW Investments NATICK, Mass.--(BUSINESS WIRE)--Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced the closing of a $48 million convertible senior secured note financing with certain entities managed by RTW Investments, LP (“RTW”). Proceeds will be used to repay in full the Company’s obligations under its existing term loan with Fortress Credit Corp., reducing the Company’s interest expense and increasing operational flexibility.Management anticipates this transaction will better position the business for the future. Of note, the convertible notes reduce the interest rate on the Company’s debt to 6%, lengthen the maturity over Allurio
Show less
Read more
Impact Snapshot
Event Time:
ALUR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALUR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALUR alerts
High impacting Allurion Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
ALUR
News
- Allurion Announces Three Scientific Presentations at IFSO-European Chapter 2024, Including First-Ever 3-Year Weight Maintenance SurveyBusiness Wire
- Allurion Announces Preliminary First Quarter 2024 ResultsBusiness Wire
- Allurion Closes $48 Million Convertible Senior Secured Note Financing with RTW Investments [Yahoo! Finance]Yahoo! Finance
- Allurion Expands Virtual Care Suite to the United States [Yahoo! Finance]Yahoo! Finance
- Allurion Technologies Inc. (NYSE: ALUR) is now covered by analysts at Chardan Capital. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
ALUR
Earnings
- 3/21/24 - Beat
ALUR
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form 4
- 4/30/24 - Form 8-K
- ALUR's page on the SEC website