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Healthcare Royalty to launch new loan transaction on Wednesday
By Sara Rosenberg
New York, July 6 – Healthcare Royalty Inc. is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch a new loan to prospective lenders, according to a market source.
Citigroup Global Markets Inc. is the left lead arranger on the deal.
The company recently filed an S-1 with the Securities and Exchange Commission and disclosed that, prior to its initial public offering of shares of class A common stock, it plans to get a new senior secured revolver and a new senior secured term loan, and issue senior notes due 2029.
Proceeds from the new debt and IPO will be used to repurchase Holdings LP class B units as part of a reorganization buyback transaction.
Healthcare Royalty is a Stamford, Conn.-based royalty acquisition company focused on the biopharmaceutical industry.
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