Source - SMW
Life sciences debt investor BioPharma Credit said it had agreed to be lead investor and collateral agent for a $315m loan.

The definitive, senior-secured loan was made to a commercial stage, private pharmaceutical company with pro-forma annual sales of around $250m.

BioPharma Credit said it would provide $194m of capital and co-investors would provide $121m.

Key terms included a five-year final maturity and a high-single-digit floating coupon, it said.

At 2:11pm: (LON:BPCR) Biopharma Credit Plc share price was +0.01p at 1.04p

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