Karyopharm Therapeutics (KPTI) has issued an update.
Karyopharm Therapeutics Inc. has strategically restructured its debt and secured additional working capital through a series of financial maneuvers. The company secured a $100 million senior secured term loan and used part of it to repay previous debts, while also converting $148 million of unsecured notes into new secured convertible notes and additional warrants. These moves not only extend the maturity of Karyopharm’s debts but also provide the necessary liquidity for ongoing corporate needs, highlighting the company’s proactive approach to financial management in a dynamic market environment.
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