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Sorrento Therapeutics repays $120 million term loan with Oaktree
By Wendy Van Sickle
Columbus, Ohio, June 12 – Sorrento Therapeutics Inc. fully repaid its $120 million term loan agreement with Oaktree Capital Management, LP on Friday, according to a news release.
The debt was comprised of an initial $100 million term loan and a $20 million incremental loan.
Sorrento Therapeutics is a San Diego-based clinical stage biopharmaceutical company focused on malignant cancers.
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