Allurion Technologies (ALUR) Closes $48M Convertible Senior Secured Note Financing
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Allurion Closes $48 Million Convertible Senior Secured Note Financing with RTW Investments
April 17, 2024 8:31 AM EDTSimplifies capital structure through prepayment of existing term loan Reduces annual interest expense, providing increased near-term cash flow and operational flexibility Extends expected cash runway in advance of AUDACITY FDA trial read-out Strengthens long-term partnership with RTW Investments
NATICK, Mass.--(BUSINESS WIRE)-- Allurion Technologies, Inc. (NYSE: ALUR) (Allurion or the Company), a company dedicated to ending obesity, today announced the closing of a $48 million convertible senior secured note financing with certain entities managed by RTW Investments, LP (RTW). Proceeds will be used to... More
