Healthcare company Babylon Holdings Ltd.’s stock tumbled 42% premarket Wednesday, after it announced plans to go private with backup from AlbaCore Capital....
Healthcare company Babylon Holdings Ltd.’s stock BBLN tumbled 42% premarket Wednesday, after it announced plans to go private with backup from AlbaCore Capital. The Austin, Texas and London, England-based company said it has entered an amendment and restatement of its senior secured term loan facility with AlbaCore for up to $34.5 million in funding on similar pricing terms to an original bridge agreement.
Healthcare company Babylon Holdings Ltd.’s stock BBLN tumbled 42% premarket Wednesday, after it announced plans to go private with backup from AlbaCore Capital. The Austin, Texas and London, England-based company said it has entered an amendment and restatement of its senior secured term loan facility with AlbaCore for up to $34.5 million in funding on similar pricing terms to an original bridge agreement.
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