STRATA Skin Sciences, Inc. Announces Successful Completion of Debt Refinancing
Strata Skin Sciences, Inc. (SSKN)
Last strata skin sciences, inc. earnings: 3/17 08:00 am
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Source: GlobeNewswire
Successfully extinguishes existing debt with a new commercial bank loan facility New fixed annual interest rate of 2.79%, reduces interest rate costs by approximately $700,000 HORSHAM, Pa., Jan. 06, 2020 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (“STRATA” or the “Company”), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced that it has closed a refinancing of its existing debt with a lower interest one-year cash-secured loan facility with Israel Discount Bank of New York, a multi-national commercial bank. The new loan, at a fixed interest rate of 2.79%, significantly lowers the Company’s interest expense for 2020. The proceeds of the new loan facility were used to repay the Company’s outstanding term note with MidCap Financial. Dr. Dolev Rafaeli, the Company’s President and CEO stated, “This refinancing and ne
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SSKN
Sec Filings
- 4/26/24 - Form 8-K
- 2/26/24 - Form 8-K
- 2/21/24 - Form 8-K
- SSKN's page on the SEC website