SRNE - Sorrento unit Scilex pre-emptively pays off remaining notes for $39.7M
- Scilex, a unit of Sorrento Therapeutics ( NASDAQ: SRNE ), said Thursday it pre-emptively paid off and eliminated all remaining senior secured notes in an aggregate principal amount of $67.7M for cash payment of ~$39.7M.
- Scilex will go public through a merger with SPAC Vickers Vantage ( VCKA ), which is expected to close in Q4.
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Sorrento unit Scilex pre-emptively pays off remaining notes for $39.7M