logo
  

Blackstone Enters Into Financing Deal With Harmony

The Blackstone Group Inc. (BX), an alternative asset manager and provider of financial advisory services, on Tuesday said it has entered into partnership with Harmony Biosciences Holdings, Inc. (HRMY) to finance Harmony with up to $330 million.

The financing deal includes up to $300 million in debt capital, that consists of $200 million senior secured term loan facility and a $100 million senior secured delayed draw term loan facility that is available to be drawn within 12 months of closing.

Additionally, Blackstone is expected to invest $30 million in Harmony stock.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
Follow RTT