$300 million financing for Centessa Pharmaceuticals
A $300 million financing will give Centessa Pharmaceuticals (Nasdaq: CNTA) plenty of room to leverage its original asset-centric approach to the discovery and development of new medicines.
The financing agreement has been reached with Oberland Capital Management, a private investment firm with over $2.25 billion in capital commitments.
Oberland is buying six-year, interest-only, senior secured notes, with the first $75 million due immediately, and further tranches of $75 million and $50 million over two years at the option of the company.
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