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Stock impact report

Sarepta Therapeutics Announces Inaugural $600 Million Senior Secured Revolving Credit Facility [Yahoo! Finance]

Sarepta Therapeutics, Inc. (SRPT) 
Last sarepta therapeutics, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
1 min read In This Article StockStory Top Pick SRPT – Provides non-dilutive financing flexibility and supplements strong balance sheet CAMBRIDGE, Mass., February 14, 2025 BUSINESS WIRE )--Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, announced today that it has closed on a $600 million senior secured revolving credit facility with a bank syndicate. "Sarepta's financial strength and the positive outlook for our business provide us with the flexibility to use non-dilutive financing by establishing a revolving credit facility. It supplements our strong balance sheet and allows for contingent liquidity as we execute our strategic plan to achieve our Sarepta 2030 objectives. Access to this instrument is a testament to our robust future cash and EBITDA growth trajectory and we were very pleased with the strong backing from the lenders during this process, which resulted in oversubscribed demand," stated Ian Estepan, execut Show less Read more
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