Brief: Artivion Amends Agreements With Endospan

Artivion

01/07/2024 21:09

July 1 (Reuters) - Artivion Inc  AORT.N :
    * ARTIVION AMENDS AGREEMENTS WITH ENDOSPAN
    * ARTIVION INC: PROVIDES ENDOSPAN WITH $25 MILLION OF
ADDITIONAL
DEBT FUNDING TO OBTAIN FDA APPROVAL FOR NEXUS
    * ARTIVION INC - UPFRONT PAYMENT ASSOCIATED WITH PURCHASE
OPTION
REDUCED TO $135 MILLION, INCLUSIVE OF LOAN OFF-SET, AND $100
MILLION EARNOUT MINIMUM ELIMINATED
    * ARTIVION INC: UPFRONT PAYMENT ASSOCIATED WITH PURCHASE
OPTION IS
REDUCED FROM $250 MILLION TO $175 MILLION
    * ARTIVION INC - DOES NOT ANTICIPATE AMENDED AGREEMENT WITH
ENDOSPAN TO HAVE A MATERIAL IMPACT ON ITS FULL-YEAR 2024
FINANCIAL GUIDANCE.
    * ARTIVION INC: $100 MILLION MINIMUM PAYOUT FOR EARNOUT IS
ELIMINATED

Source text for Eikon:  ID:nPnb2D4fQa 
Further company coverage:  AORT.N 

 ((Reuters.Briefs@thomsonreuters.com;))