Valneva secures new debt facility, revises outlook
Oct 06 (Reuters) - Specialty vaccine company Valneva VLS.PA said on Monday it has secured a new debt facility of up to $500 million, extending its debt repayment to 2030. An initial tranche of $215 million will be used to repay its existing debt, with the remaining $285 million available for future business development, it added. The company also revised its 2025 guidance. (Reporting by Jérôme Terroy; Editing by Shailesh Kuber) ((jerome.terroy@thomsonreuters.com))
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