Relypsa (RLYP) Debt Financing Removes Overhang - Cantor
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May 4, 2016 12:09 PM EDT
BTIG affirms Relypsa (Nasdaq: RLYP) at Buy with a price target of $45 following the company's announcement of a $150 million debt financing... More
May 4, 2016 10:37 AM EDT
Stifel analyst Stephen Willey weighed in Relypsa, Inc. (NASDAQ: RLYP) after the company announced $150M in debt financing.
The bearish view is that it removes any/all near-term M&A optionality. In addition, a $150M financing likely doesnt completely bridge the balance sheet gap through YE17 (never mind to... More
May 4, 2016 6:25 AM EDT
Mizuho Securities downgraded Relypsa, Inc. (NASDAQ: RLYP) from Neutral to Underperform with a price target of $12.00 (from $22.00) based on its recent $150M debt offering.
Analyst Irina Koffler commented, "This event signals to us that the company may remain a stand-alone at least for the next 12-months. We previously wrote that the stand-alone stock would be worth $10/share but we still allow for a 10% probability of near-term takeout and arrive at a blended... More
May 3, 2016 4:18 PM EDT
Relypsa, Inc. (NASDAQ: RLYP) announced the closing of $150 million in aggregate principal amount of senior secured term loans, led by funds advised by Athyrium Capital Management and joined by HealthCare Royalty Partners. The Loans are senior secured obligations of Relypsa and will mature on April 27, 2022, unless earlier prepaid or repaid in accordance... More
