Radius health, inc. announces $175 million financing transaction

Boston, march 03, 2021 (globe newswire) -- radius health, inc. (“radius” or the “company”) (nasdaq: rdus), today announced that the company has entered into amended and restated credit facilities in the aggregate principal amount of $175 million, consisting of a $150 million term loan, which includes a cashless conversion of $25 million in existing term loans, and a $25 million revolving credit facility. the amended and restated credit facilities also provide for an additional $25 million term loan at the lenders' discretion. the transaction represents a significant upsize from the company's prior senior $95 million loan facilities, which consisted of a $55 million term loan ($25 million of which had been drawn) and a $20 million revolving credit facility that also included an additional $20 million of potential incremental availability. the amended and restated loan is expected to close on or about march 11.
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