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home / news releases / ACOR - Acorda Therapeutics down 8% makes $6.2M interest payment in cash

ACOR - Acorda Therapeutics down 8% makes $6.2M interest payment in cash

Acorda Therapeutics Inc.

2023-05-10 07:37:26 ET

  • Acorda Therapeutics ( NASDAQ: ACOR ) will make a cash interest payment of ~$6.2M due on June 1, 2023 under its convertible senior secured notes indenture.
  • The company will make the interest payment using cash that was placed in escrow when the notes were issued, which is reported on the company’s balance sheet as restricted cash.
  • The stock price dropped 7.7% during pre-market.

For further details see:

Acorda Therapeutics down 8%, makes $6.2M interest payment in cash
Stock Information
Company Name: Acorda Therapeutics Inc.
Stock Symbol: ACOR
Market: NASDAQ
Website: acorda.com
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