Mar. 20 at 9:45 PM
$TGTX
From 8 K :
"Pursuant to the First Amendment, the Borrower established (i) a
$750 million term loan facility (the “2026 Term Loan”), which was borrowed in full
on the Closing Date, with a portion of the proceeds used to repay in full the Initial Term Loans (as defined in the First Amendment), and (ii) an
uncommitted additional facility in an aggregate principal amount of up to
$250 million"
Did you notice they borrowed the loan IN FULL on 3/20/26.
Thus, MW has 500 M in his hands right now. Why does he need to get 500 M in hands from today ?
Just wondering why ? to buy back tgtx shares ? well he doesnt need to borrowed the loan in full for that, just drawing money as shares buy back progress.
Once again just wondering. (Dtil, Neura, anything else).
Just wondering.
