REG - BioPharma Credit PLC - STATEMENT RE COLLEGIUM PREPAYMENT

Biopharma CreditAnnouncement

30/12/2025 13:45

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RNS Number : 1840N  BioPharma Credit PLC  30 December 2025

30 December 2025

 

BIOPHARMA CREDIT PLC

 

(THE "COMPANY")

 

STATEMENT RE COLLEGIUM PREPAYMENT

 

 

The Company notes the announcement released on 30 December 2025 by Collegium
Pharmaceutical, Inc. ("Collegium") regarding the prepayment in full of the
initial US$645.8 million senior secured term loan, of which the Company had an
initial investment of US$290.4 million.  The Company announced the US$645.8
million senior secured loan to Collegium on 30 July 2024. The Company's
proportion of the prepayment proceeds amounted to US$261.4 million of
principal together with US$2.6 million of prepayment fees and US$5.3 million
of accrued interest.

 

Following the Collegium prepayment, the Company's cash balance is
approximately US$405 million.

 

Pedro Gonzalez de Cosio of Pharmakon Advisors, LP, the investment manager
of the Company, commented:

"We are grateful for Collegium's partnership and proud to have served as a
trusted financing source over the past six years. While this early repayment
will result in a higher-than-usual cash balance, we are encouraged by the
strength of the broader pipeline and look forward to further diversifying the
portfolio."

 

Enquiries:

 

BioPharma Credit plc

via MUFG Corporate Governance Limited

Company Secretary

+44 (0) 333 300 1932

Burson Buchanan

Mark Court / Jamie Hooper / Henry Wilson / Nick Croysdill

+44 (0)20 7466 5000

biopharmacredit@buchanan.uk.com (mailto:biopharmacredit@buchanan.uk.com)

 

Notes to Editors:

 

BioPharma Credit PLC is London's only specialist debt investor to the life
sciences industry and joined the LSE in March 2017. BioPharma Credit
PLC seeks to provide long-term shareholder returns, principally in the form
of sustainable income distributions from exposure to the life sciences
industry. BioPharma Credit PLC seeks to achieve this objective primarily
through investments in debt assets secured by royalties or other cash flows
derived from the sales of approved life sciences products.

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