Brief: Biopharma Credit Plc To Invest $325 Mln In Collegium Pharma Inc

Collegium Pharmaceutical

14/02/2022 12:33

Feb 14 (Reuters) - BioPharma Credit PLC  BPCR.L :
    * BIOPHARMA CREDIT PLC  - US$325 MILLION INVESTMENT IN
COLLEGIUM
    * BIOPHARMA CREDIT PLC - PROCEEDS FROM NEW LOAN WILL BE USED
TO
FUND COLLEGIUM'S PROPOSED ACQUISITION OF BIODELIVERY SCIENCES
INTERNATIONAL, INC
    * BIOPHARMA CREDIT PLC - INTENDS TO FUND THIS INVESTMENT
FROM
CURRENT CASH ON HAND, US$ 102 MILLION, PROCEEDS FROM BDSI AND
COLLEGIUM REPAYMENT
    * BIOPHARMA CREDIT PLC - CO INTENDS TO INCREASE COMMITTED
AMOUNT
UNDER FACILITY FROM US$50 MILLION TO US$200 MILLION USING
FACILITY'S ACCORDION FEATURE.
    * BIOPHARMA CREDIT PLC -  COMPANY INTENDS TO FUND INVESTMENT
BY
ALSO DRAWING ON ITS CREDIT FACILITY WITH JPMORGAN CHASE BANK

Source text for Eikon:  ID:nRSN6157Ba 
Further company coverage:  BPCR.L 

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