Brief: Recro Announces Amendment To Athyrium Credit Facility

Societal CDMO

23/02/2021 12:23

Feb 23 (Reuters) - Recro Pharma Inc  REPH.O :
    * RECRO ANNOUNCES AMENDMENT TO ATHYRIUM CREDIT FACILITY
    * RECRO PHARMA INC - CREDIT FACILITY'S OUTSTANDING DEBT
BALANCE
HAS BEEN REDUCED FROM $116 MILLION TO $100 MILLION
    * RECRO PHARMA INC - INTEREST RATE GOVERNING FACILITY HAS
BEEN
DECREASED BY 1.5 PERCENT
    * RECRO PHARMA INC - THERE WILL BE NO ADDITIONAL PRINCIPAL
AMORTIZATION DURING REMAINDER OF TERM OF FACILITY, WHICH RUNS
THROUGH MARCH 2023

Source text for Eikon:  ID:nGNX5CClfd 
Further company coverage:  REPH.O 

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