BioPharma Credit PLC STATEMENT RE IMMUNOCORE HOLDINGS PLC

RNS Number : 7938L

BioPharma Credit PLC

12 November 2024

 

BioPharma Credit PLC

12 November 2024

 

 

 

 

BIOPHARMA CREDIT PLC

 

(THE "COMPANY")

 

STATEMENT RE Immunocore Holdings plc

 

Pharmakon Advisors, LP, the investment manager of the Company, notes the announcement released 8 November 2024 by Immunocore Holdings plc ("Immunocore") regarding the prepayment in full of the US$50 million senior secured term loan, of which the Company had an investment of US$25 million. The prepayment included a US$1.5 million prepayment fee, of which the Company received US$750,000. 

 

The Company had previously announced on 21 November 2022 an investment in a senior secured loan to Immunocore of up to US$100 million in up to two tranches. The Company had previously funded US$25 million and Immunocore did not draw the second tranche. In connection with this final repayment, the Company received US$1,014,063 of accrued interest and prepayment fees.

 

Enquiries:

BioPharma Credit plc

via Link Company Matters Limited

Company Secretary

[phone]

 

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