MIMEDX Announces Improved Capital Structure with New Senior Secured Credit Facilities and Debt Refinancing

January 22, 2024

https://www.globenewswire.com/news-release/2024/01/22/2813003/0/en/MIMEDX-Announces-Improved-Capital-Structure-with-New-Senior-Secured-Credit-Facilities-and-Debt-Refinancing.html

MARIETTA, Ga., Jan. 22, 2024 (GLOBE NEWSWIRE) — MiMedx Group, Inc. (Nasdaq:MDXG) (“MIMEDX” or the “Company”) today announced that it has enhanced its capital structure by refinancing its existing indebtedness and obtaining additional borrowing capacity in support of the Company’s future growth objectives. These new senior secured credit facilities (the “Facilities”), totaling $95 million and due in January 2029, are comprised of a $75 million revolving credit facility and a $20 million term loan facility and were obtained through a syndicate of banks comprised of Citizens and Bank of America, N.A.

Read more at globenewswire.com

Related news for (MDXG)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.