Anika Takes Actions to Strengthen Liquidity in Light of COVID-19
Anika Therapeutics Inc. (ANIK)
Last anika therapeutics inc. earnings: 2/20 04:05 pm
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US:NASDAQ Investor Relations:
ir.anikatherapeutics.com/investor-relations
Company Research
Source: GlobeNewswire
BEDFORD, Mass., April 08, 2020 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ: ANIK), a global, integrated joint preservation and regenerative therapies company with products leveraging its proprietary hyaluronic acid (“HA”) technology platform, today provided an update on actions it is taking to strengthen liquidity in light of the COVID-19 pandemic. To strengthen its financial position, the Company is drawing down $50 million on its existing credit facility. Following the drawdown, the Company will have total liquidity of approximately $140 million, comprised of cash and investments on hand. The Company has no debt maturities through the end of 2020, and the credit facility matures in October 2022. The applicable interest rate under the credit facility is 2.08% for the $50 million drawdown. Anika may prepay the credit facility without penalty. The Company’s credit facility also has a $50 million accordion feature that the company could potentially access in the future. In a
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ANIK
News
- Anika Therapeutics, Inc. (NASDAQ: ANIK) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $37.00 price target on the stock.MarketBeat
- Hyaluronic Acid Market Surges to USD 18.75 Billion by 2031, Propelled by 8.7% CAGR - Verified Market Research® [Yahoo! Finance]Yahoo! Finance
- Anika Announces CFO Transition [Yahoo! Finance]Yahoo! Finance
- Anika Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Anika Announces CFO TransitionGlobeNewswire
ANIK
Earnings
- 5/8/24 - Miss
ANIK
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/8/24 - Form 8-K
- ANIK's page on the SEC website