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Stock impact report

Alimera Sciences Refinances Debt With New $40 Million Debt Facility From Solar Capital

Alimera Sciences, Inc. (ALIM) 
Last alimera sciences, inc. earnings: 4/29 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
ATLANTA, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (NASDAQ:ALIM) (“Alimera”), a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharmaceuticals, today announced that it has entered into a $40 million term loan agreement with Solar Capital Ltd. (NASDAQ:SLRC) (“Solar Capital”). Alimera will use the proceeds of this funding to pay off an existing $35 million term loan along with related fees and expenses, and to provide additional working capital for general corporate purposes. “Working with Solar Capital provides us with a long-term partner and a stable debt facility over the next few years,” said Dan Myers, Alimera’s chief executive officer.  “Further, eliminating the restrictive liquidity covenants in our existing loan will unlock more working capital to invest in our business.” “Solar Capital is pleased to provide this financing to support Alimera’s continued commercial growth,” said Anthony Storino, Head Show less Read more
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