Brief: Anika Therapeutics Says Drawing Down $50 Mln On Existing Credit Facility

Anika Therapeutics

08/04/2020 21:59

April 8 (Reuters) - Anika Therapeutics Inc  ANIK.O :
    * ANIKA THERAPEUTICS - DRAWING DOWN $50 MILLION ON ITS
EXISTING
CREDIT FACILITY
    * ANIKA THERAPEUTICS - FOLLOWING DRAWDOWN, WILL HAVE TOTAL
LIQUIDITY OF APPROXIMATELY $140 MILLION, COMPRISED OF CASH AND
INVESTMENTS ON HAND
    * ANIKA THERAPEUTICS INC - HAS NO DEBT MATURITIES THROUGH
END OF
2020, AND CREDIT FACILITY MATURES IN OCTOBER 2022
    * ANIKA THERAPEUTICS INC - CO'S CREDIT FACILITY ALSO HAS A
$50
MILLION ACCORDION FEATURE THAT CO COULD POTENTIALLY ACCESS IN
FUTURE
    * ANIKA THERAPEUTICS - EXPLORING OTHER SOURCES OF FUNDING
AIMED AT
 SUPPORTING LIQUIDITY PROFILE, MAINTAINING BUSINESS,
ORGANIZATIONAL CONTINUITY THROUGH PANDEMIC
    * ANIKA THERAPEUTICS - AT THIS TIME, CO DOES NOT ANTICIPATE
DISRUPTION TO SUPPLY OF PRODUCTS FOR PATIENTS DUE TO COVID-19
    * ANIKA THERAPEUTICS - HAS ALSO TAKEN MEASURES TO MINIMIZE
DISRUPTION TO ONGOING CLINICAL TRIALS

Source text for Eikon:  ID:nGNX6nnj1y 
Further company coverage:  ANIK.O 

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