Here's Why Avadel Pharmaceuticals Dropped as Much as 13.3% Today [The Motley Fool]
Avadel Pharmaceuticals plc - Ordinary Share (AVDL)
Last avadel pharmaceuticals plc - ordinary share earnings: 3/12 07:00 am
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Source: The Motley Fool
The Irish pharma stock announced a massive debt offering. Maxx Chatsko ( TMFBlacknGold ) Feb 14, 2018 at 4:34PM What happened Shares of pharma specialist Avadel Pharmaceuticals (NASDAQ: AVDL) sank over 13% Wednesday after the company announced a massive debt offering of $125 million in senior notes bearing a 4.5% interest rate and due date in 2023. The company expects net proceeds of about $119.6 million, or up to $137.7 million if additional debt notes are purchased, from the offering. Avadel Pharmaceuticals has a market cap of just $360 million following the move, so it's easy to see that Mr. Market isn't thrilled with the company taking on about one-third of its valuation in debt. Plus, it will go along with an existing $60 million in long-term debt. As of 2:03 p.m. EST, the stock had settled to an 11.2% loss. Image source: Getty Images.
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News
- Avadel Pharmaceuticals to Provide a Corporate Update and Report First Quarter 2024 Financial Results on May 8GlobeNewswire
- Avadel Pharmaceuticals plc (NASDAQ:AVDL) Is Expected To Breakeven In The Near Future [Yahoo! Finance]Yahoo! Finance
- Avadel Pharmaceuticals plc (NASDAQ: AVDL) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $22.00 price target on the stock.MarketBeat
- Avadel Pharmaceuticals: A Deep Dive Into Lumryz's Once-Nightly Revolution [Seeking Alpha]Seeking Alpha
- Avadel Pharmaceuticals to Present at the 23rd Annual Needham Healthcare Conference [Yahoo! Finance]Yahoo! Finance
AVDL
Earnings
- 11/8/23 - Miss
AVDL
Sec Filings
- 5/3/24 - Form 3
- 4/26/24 - Form 10-K/A
- 4/15/24 - Form 8-A12B
- AVDL's page on the SEC website