Edition:
India

BioDelivery Sciences Strengthens Financial Position With Debt Refinancing


Wednesday, 29 May 2019 

May 28 (Reuters) - BioDelivery Sciences International Inc ::BIODELIVERY SCIENCES STRENGTHENS FINANCIAL POSITION WITH DEBT REFINANCING.BIODELIVERY SCIENCES INTERNATIONAL INC - NEW AGREEMENT IS CASH FLOW ACCRETIVE, LOWERS COST OF CAPITAL AND EXTENDS DEBT MATURITY.BIODELIVERY SCIENCES INTERNATIONAL INC - REDUCES ANNUAL INTEREST COSTS BY APPROXIMATELY $1.5 MILLION.BIODELIVERY SCIENCES INTERNATIONAL - NEW FACILITY CONSISTS OF A $60.0 MILLION TERM LOAN.BIODELIVERY SCIENCES - PROCEEDS FROM FINANCING, AVAILABLE CASH ON HAND, USED TO REPAY & RETIRE EXISTING TERM LOAN WITH CRG SERVICING LLC. 

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