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  3. Biopharma Cred. Share Price
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  5. Biopharma Credit Loans Sarepta Therapeutics USD450 Million

Pin to quick picksBiopharma Cred. Share News (BPCR)

Biopharma Cred. Information

Share Price Information for Biopharma Cred. (BPCR)

London Stock Exchange
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Share Price: 0.878
Bid: 0.876
Ask: 0.88
Change: 0.002 (0.23%)
Spread: 0.004 (0.457%)
Open: 0.878
High: 0.88
Low: 0.876
Prev. Close: 0.876
BPCR Live PriceLast checked at -
BioPharma Credit is an Investment Trust

To generate long-term shareholder returns, predominantly in the form of sustainable income distributions from exposure to the life sciences industry.

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Biopharma Credit Loans Sarepta Therapeutics USD450 Million

Fri, 13th Dec 2019 16:20

(Alliance News) - Life sciences-focused investor BioPharma Credit PLC on Friday said it alongside BioPharma Credit Investments V will loan USD450 million to US-based biopharmaceutical company Sarepta Therapeutics Inc.

The loan agreement will see Biopharma Credit invest up to USD175 million in the first tranche and up to an additional USD175 million in the second tranche by December 31, 2020. BioPharma-V will invest up to USD150 million with the company acting as collateral agent.

The loan will run until December 2023 and will bear an annual interest of 8.5% along with a one-time additional consideration of 1.75% of the total loan amount payable upon funding and an additional 2% payable upon the repayment of the loan.

BioPharma Credit shares were up 0.6% at USD1.00 on Friday in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Today 10:29

BioPharma Credit to loan USD100 million to Tarsus Pharmaceuticals

(Alliance News) - BioPharma Credit PLC on Wednesday announced it entered into a secured loan agreement with Tarsus Pharmaceuticals Inc.

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23 Apr 2024 14:29

UK dividends calendar - next 7 days

Wednesday 24 April 
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27 Mar 2024 11:19

BioPharma Credit net asset value ticks up but total payout lower

(Alliance News) - BioPharma Credit PLC on Wednesday reported an uptick in net asset value as it expects its investment pipeline to grow this year.

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20 Mar 2024 15:59

UK earnings, trading statements calendar - next 7 days

Thursday 21 March 
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JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
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Tandem Group PLCFull Year Results
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888 Holdings PLCFull Year Results
AG Barr PLCFull Year Results
Airea PLCFull Year Results
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CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Mar 2024 14:27

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A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Feb 2024 10:13

BioPharma Credit gets USD50.6 million from Abbvie's ImmunoGen purchase

(Alliance News) - BioPharma Credit PLC on Tuesday noted Abbvie Inc's completed acquisition of ImmunoGen Inc.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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7 Feb 2024 08:51

LONDON BROKER RATINGS: Jefferies cuts BioPharma Credit to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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6 Feb 2024 09:31

IN BRIEF: BioPharma Credit to receive partial prepayment of loan

BioPharma Credit PLC - London-based closed-ended investment company - Its investment manager Pharmakon Advisors LP notes Coherus Biosciences Inc on Monday saying it plans to make a partial prepayment of USD175.0 million of the outstanding USD250.0 million balance under its existing loan agreement with BioPharma Credit, BPCR Limited Partnership and Biopharma Credit Investments V (Master) LP. BioPharma Credit says its portion of the prepayment would be USD87.5 million. Coherus anticipates making such partial prepayment in the second quarter of 2024, BioPharma says.

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2 Jan 2024 08:59

BioPharma Credit to fund LumiraDx ahead of acquisition by Roche

(Alliance News) - BioPharma Credit PLC on Tuesday noted that investee LumiraDx Ltd appointed administrators last week and has since agreed an acquisition deal with Roche Holding AG.

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12 Dec 2023 09:50

IN BRIEF: BioPharma Credit notes loan agreement amendment by LumiraDx

BioPharma Credit PLC - UK-based closed-ended investment company - Notes on Tuesday a filing by LumiraDx Ltd on Friday last week, disclosing a seventeenth amendment to a loan agreement between the two. A subsidiary of LumiraDx, the borrower in this deal, entered into the agreement with Biopharma Credit, BPCR Limited Partnership and BioPharma Credit Investments V LP in March 2021. In the latest amendment, the minimum liquidity covenant will be waived until the end of the waiver period, provided that the consolidated liquidity of LumiraDx and its subsidiaries must be at least USD5.0 million. The amendment also states that the minimum net sales covenant for the twelve months ended September 30 will be tested at the end of the waiver period. The waiver period itself has been extended to December 28. The amendment removes undrawn tranche term loans in an aggregate amount of USD4.0 million from the agreement.

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1 Dec 2023 09:45

IN BRIEF: BioPharma Credit notes AbbVie takeover of investee ImmunoGen

BioPharma Credit PLC - specialist life sciences debt investment trust - Funds first USD37.5 million tranche of secured senior loan, announced in April, of up to two tranches worth up to USD62.5 million for ImmunoGen Inc. AbbVie Inc on Thursday announced its acquisition of ImmunoGen for total equity value of USD10.1 billion. AbbVie and ImmunoGen expect the purchase to close in the middle of 2024. Under the senior secured loan agreement, BioPharma expects a make-whole payment and a 3% prepayment premium. For example, "if the transaction were to close on [June 30, 2024], the company would be expected to receive approximately USD14.5 million in prepayment and make-whole fees."

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12 Oct 2023 11:02

IN BRIEF: BioPharma Credit says liquidity covenant in loan deal waived

BioPharma Credit PLC - specialist life sciences debt investment trust - Minimum liquidity covenant in loan agreement between LumiraDX Investment Ltd and BioPharma Credit Investments V Master LP and BPCR Ltd Partnership is waived until October 23. This is providing that the consolidated liquidity of LumiraDX and its subsidiaries during the waiver period must be at least USD5 million, tested on a weekly basis. Further, the minimum net sales covenant for the trailing 12-month period ended September 30 will be tested on October 23. The loan agreement was dated March 2021 with BioPharma Credit as collateral agent and BioPharma Credit Investments and BPCR as lenders, with the latest amendment marking the 13th instance of altering the agreement.

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27 Sep 2023 10:35

BioPharma Credit hails "attractive pipeline" and backs dividend target

(Alliance News) - BioPharma Credit PLC on Wednesday reported soft growth in its net asset value per share for the first half of 2023.

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26 Sep 2023 21:47

TRADING UPDATES: Anglo Asian to restart Gedabek operations on approval

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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