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DewDiligence

05/14/24 2:11 PM

#251820 RE: DewDiligence #250827

APLS refinances debt:

https://finance.yahoo.com/news/apellis-pharmaceuticals-refinances-existing-debt-120000044.html

New $475M credit lines expiring in 2030 enable APLS to pay off debt due in 2027.

APLS’ Syfovre is not an especially good drug (#msg-173940338), but there is apparently no shortage of lenders to refinance debt of companies with FDA-approved products.