Mesoblast (ASX:MSB) repaid its existing senior secured loan from Oaktree Capital Management in full and its royalty facility from NovaQuest Capital Management in part, according to a Tuesday filing with the Australian bourse.
The repayment followed a $75 million withdrawal from a new five-year facility of up to $125 million provided by a shareholder, carrying a fixed interest rate of 8% per annum, the filing said.
The company has an option to withdraw up to $50 million until June 30, 2026, the filing said.
The shareholder will receive warrants to purchase about 323,00 American Depositary Shares (ADS) at $21.51 per ADS, the filing added.
The facility can be repaid without incurring early payment or make-whole fees, the company said.
Shares of the company rose 3% in recent Tuesday trade.