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Stock impact report

Valneva Strengthens Financial Position by Refinancing Debt with Pharmakon Advisors and Provides Business Updates [Yahoo! Finance]

Valneva SE - American Depositary Shares (VALN) 
Company Research Source: Yahoo! Finance
Company adjusts 2025 financial guidance and provides key business updates Saint-Herblain (France), October 6, 2025 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today announced that it has entered into a debt facility for up to $500 million in non-dilutive financing with funds managed by Pharmakon Advisors, LP. An initial tranche of $215 million will be used to repay in full the Company's existing debt facility with Deerfield Management Company and OrbiMed, inclusive of associated fees and expenses. The remaining up to $285 million may be drawn in the future for potential business development subject to mutual agreement between the parties. The Agreement was executed today and the initial tranche is expected to be funded in the coming weeks. Highlights of the new facility include: Lowered cost of capital : Improved financial terms, including more favorable fixed interest rate and lower prepayment and exit fees compared to previous debt facility Show less Read more
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