Artivion Obtains $350 Million in Senior Secured Credit Facilities [Yahoo! Finance]
Artivion, Inc. (AORT)
Company Research
Source: Yahoo! Finance
ATLANTA Jan. 18, 2024 /PRNewswire/ -- Artivion, Inc. (NYSE: AORT) a leading cardiac and vascular surgery company focused on aortic disease, today announced the closing of a comprehensive, non- dilutive definitive credit agreement with Ares Management Credit funds for $350 million of senior secured, interest-only, credit facilities with 6-year maturities. The credit facilities include an initial $190 million term loan, a $60 million revolving credit facility, and an additional $100 million in unfunded delayed draw term loan commitments that may be drawn to refinance the Company's convertible bonds at any time on or prior to the maturity of the convertible bonds, subject to customary conditions. The initial $190 million term loan and $30 million from the revolving credit facility were drawn at close to retire the Company's existing senior secured credit facilities and pay related fees and expenses. The option to draw the additional $100 million of term loans provides the Company with
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AORT
News
- Artivion Announces Release Date and Teleconference Call Details for First Quarter 2024 Financial ResultsPR Newswire
- Artivion's (NYSE:AORT) investors will be pleased with their notable 43% return over the last year [Yahoo! Finance]Yahoo! Finance
- Is Artivion (AORT) Outperforming Other Medical Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Artivion, Inc. (NYSE: AORT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock.MarketBeat
- ENSEMBLE ORTHOPEDICS ANNOUNCES 700TH IMPLANTATION OF ITS MINIMALLY-INVASIVE PYROCARBON INTERPOSITIONAL CMC [Yahoo! Finance]Yahoo! Finance
AORT
Earnings
- 2/15/24 - Beat
AORT
Sec Filings
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form DEF
- AORT's page on the SEC website