debt
confidence high
sentiment neutral
materiality 0.50
Anika Therapeutics enters $75M senior revolving credit facility maturing 2026
Anika Therapeutics, Inc.
- Third Amendment to Credit Agreement increases revolving line to $75M, expandable to $150M.
- Maturity date extended to November 12, 2026; interest at BSBY + 0.25%-1.00%.
- Amended agreement governs leverage and interest coverage covenants; first-priority lien on assets.
- Bank of America serves as administrative agent; new lenders join the facility.