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Retrophin secures new (expensive) financing

  • Retrophin (RTRX) closes a new $45M senior secured loan facility. The term loan will mature in 2018 and carries an interest rate of LIBOR plus 10%. The lenders will receive warrants to purchase an aggregate of 337,500 shares of common stock for a period of five years at an exercise price of $12.7552.
Comments (1)
  • Winetexan
    , contributor
    Comments (13) | Send Message
     
    much less expensive than equity, quite impressive for a young company
    2 Jul, 08:07 AM Reply Like
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