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home / news releases / LMNL - Liminal BioSciences repays $39.1M debt to Structured Alpha

LMNL - Liminal BioSciences repays $39.1M debt to Structured Alpha

Liminal Biosciences Inc
Liminal BioSciences (NASDAQ:LMNL) repaid its debt of $39.1M to Structured Alpha in full, using cash on hand. The loan repayment terminates LMNL's creditor relationship with Structured Alpha. Early repayment resulted in total interest savings of C$9.1M. The repayment was funded with cash generated from the sale of a pediatric review voucher and the divestment of LMNL's plasma-derived therapeutics business in 2021. No premiums or penalties were required in connection with the repayment. "The debt was due for repayment no later than Apr. 2024 and represented a significant overhang on our balance sheet, which we are pleased to have eliminated," said LMNL CEO Bruce Pritchard.

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Liminal BioSciences repays $39.1M debt to Structured Alpha
Stock Information
Company Name: Liminal Biosciences Inc
Stock Symbol: LMNL
Market: NASDAQ
Website: liminalbiosciences.com
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