Orthofix Announces New Term Loan
Orthofix Medical Inc. (OFIX)
Last orthofix medical inc. earnings: 2/24 04:03 pm
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US:NASDAQ Investor Relations:
ir.orthofix.com
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Source: Business Wire
New Financing Replaces Existing Term Loan and Seeks to Further Optimize the Company’s Capital Structure to Support Long-Term, Profitable Growth LEWISVILLE, Texas--(BUSINESS WIRE)--Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, today announced the entry into a new credit agreement providing the Company with up to $275 million in a senior-secured term loan with a 48-month interest only period. The term loan is agented by Oxford Finance LLC (“Oxford”) and provides non-dilutive capital and financial flexibility to support Orthofix’s continued focus on profitable growth. The proceeds from the initial funding of the term loan will be used to retire the Company’s existing credit facility and pay related fees and expenses. The remaining capacity will bolster the Company’s access to capital.Under the terms of the new loan, $160 million of the loan will be funded up-front and the remaining $115 million will be available after January 1, 2025, of which $65 m
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OFIX
News
- Orthofix to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Orthofix to Participate in Upcoming Investor ConferencesBusiness Wire
- OFIX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Orthofix Medical Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!GlobeNewswire
- Orthofix Medical Inc. (NASDAQ: OFIX) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $22.00 price target on the stock, up previously from $20.00.MarketBeat
- Orthofix Reports Q3 Sales Growth and New Financial Targets [Yahoo! Finance]Yahoo! Finance
OFIX
Earnings
- 11/7/24 - Miss
OFIX
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/8/24 - Form 8-K
- OFIX's page on the SEC website