Arrowhead Pharmaceuticals Refinances Existing Credit Facility, Lowering Borrowing Costs and Extending Maturity
Arrowhead Pharmaceuticals completed a refinancing with funds managed by Sixth Street. It retired its existing $400 million facility at a $68 million discount to the contractual minimum repayment amount and announced a new $400 million facility.
Why it matters — The company said the transaction lowers borrowing costs, improves near-term liquidity, extends debt maturity, and increases financial and operational flexibility.