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Athenex Reaches Agreement with Lenders to Pursue Expedited Sales Process

Athenex, a global biopharmaceutical company, following an ongoing strategic review, has reached agreement with its lenders to move forward with an expedited sales process of the company’s assets across its primary businesses.

SHRP Provides $50MM RIP to Athenex, Buys $50MM in Loans from Oaktree

Sagard Healthcare Royalty Partners provided Athenex with a $50 million revenue interest financing and purchased $50 million of outstanding loans from Oaktree Capital Management, becoming lenders under Athenex’s $225 million term loan facility.

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Athenex Reaches Agreement with Lenders to Pursue Expedited Sales Process

SHRP Provides $50MM RIP to Athenex, Buys $50MM in Loans from Oaktree