Aquestive Therapeutics Completes $70 Million Debt Refinancing

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Aquestive Therapeutics (AQST) PT Raised to $12 at H.C. Wainwright

July 16, 2019 8:10 AM EDT

H.C. Wainwright analyst Raghuram Selvaraju raised the price target on Aquestive Therapeutics (NASDAQ: AQST) to $12.00 (from $10.00) while maintaining a Buy rating.

The analyst commented, "Yesterday afternoon, Aquestive Therapeutics announced that it has completed a private placement of $70M of 12.5% senior secured notes due June 2025 and warrants, and refinanced its existing credit facility. The indenture governing the notes provides opportunity to issue up to $30M of... More