secwatch / observer
8-K filed July 27, 2023, 7:59 PM ET ticker HRMY CIK 0001802665
debt confidence high sentiment positive materiality 0.60

Harmony Bio refinances with $185M term loan, repays $196.5M debt, saves ~$6M/year interest

Harmony Biosciences Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Harmony Biosciences Holdings, Inc. entered into New Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders valued at $185.0 million (effective 2023-07-26).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders
Value
$185.0 million
Effective
2023-07-26
Exact text from the filing
On July 26, 2023 (the “Closing Date”), Harmony Biosciences Holdings, Inc. (the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders. The New Credit Agreement provides for a five-year senior secured term loan (the “Loan”) in an aggregate principal amount of $185.0 million.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Harmony Biosciences Holdings, Inc. terminated Blackstone Loan with Blackstone Alternative Credit Advisors LP and the other lenders party thereto from time to time and Wilmington Trust, National Association, as administrative agent valued at $200 million (effective 2023-07-26).

Action
termination
Agreement
credit facility
Counterparty
Blackstone Alternative Credit Advisors LP and the other lenders party thereto from time to time and Wilmington Trust, National Association, as administrative agent
Value
$200 million
Effective
2023-07-26
Exact text from the filing
On July 26, 2023, upon entry into the New Credit Agreement described in Item 1.01 above, together with cash on hand, the Blackstone Loan was repaid in full, and all commitments thereunder were terminated.
View on SEC.gov

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Harmony Biosciences Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001558370-23-012348
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