OrthoPediatrics ( NASDAQ: KIDS ) signed a private financing arrangement with Braidwell LP consisting of a term loan and private placement of convertible notes that will provide up to $100 million of capital. The financing is expected to fund on or about August 12, 2024. Terms of the financing include a $50 million term loan and $50 million of convertible notes.
The term loan consists of an initial term loan of $25 million and access to a delayed draw term loan facility for an additional $25 million, subject to certain terms and conditions. Source: Press Release More on OrthoPediatrics Seeking Alpha’s Quant Rating on OrthoPediatrics Historical earnings data for OrthoPediatrics Financial information for OrthoPediatrics.