Arrowhead Refinances Debt, Cuts Borrowing Costs And Boosts Financial Flexibility With New $400M Sixth Street Loan
- Existing $400 million facility prepaid at a $68 million discount to the contractual minimum repayment amount- New $400 million term loan priced at SOFR plus 5.50%- Debt has no scheduled amortization payments or
Arrowhead got a new loan and paid off an old one cheaper. This gives the company more breathing room to spend money on what matters.
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