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Theratechnologies Secures $75 Million in New Credit Facilities with TD Bank and Investissement Québec
Contract Type
partnership
Description
Theratechnologies Inc. has closed on a $40 million three-year non-dilutive, senior secured syndicated financing with TD Bank, and has agreed to a $15 million second ranking secured subordinated term loan with Investissement Québec. The net proceeds from the new loans, together with cash on hand, will be used to repay all obligations under the Company’s existing facility with affiliates of Marathon Asset Management, L.P. and to fund business development activities.