Knight Therapeutics Announces Repayment of Revolving Credit Facility (opens original article in a new tab)

Knight Therapeutics repaid its revolving credit facility, which had a capacity of up to US$100 million, using cash flow from its operations in Canada and Latin America.

• Knight Therapeutics repaid its revolving credit facility with National Bank of Canada and lenders.
• The credit facility had a capacity of up to US$100 million with an additional US$100 million accordion feature.
• The company used cash flow from Canada and Latin America to repay the facility within a year of drawing $60 million for the Paladin acquisition.