IN BRIEF: BioPharma Credit receives funds from loan prepayment
BioPharma Credit PLC - London-based closed-ended investment company focused on life sciences industry - Notes Collegium Pharmaceutical Inc's repayment in full of a USD645.8 million senior secured term loan, in which BioPharma Credit had invested USD290.4 million in July 2024. It receives prepayment proceeds of USD261.4 million of principal with USD2.6 million of prepayment fees and USD5.3 million of accrued interest. BioPharma Credit says its cash balance is now around USD405 million. Read More