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ADC Therapeutics Announces $86.6M Financing And Debt Restructuring; Stock Up
Source: Nasdaq
M&A & RestructuringCompany FundamentalsBanking & LiquidityCredit & Bond Markets
ADC Therapeutics announced a financial restructuring that includes an $86.6 million private placement, amendments to its HealthCare Royalty agreement and refinancing of its senior secured loan. The company said the measures are aimed at strengthening its balance sheet; the article text is truncated before further details.
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