Vera Therapeutics Soars 3.82% with $500M Credit Boost!

Vera Therapeutics, Inc. rose 3.82% intraday, with the company announcing a new credit facility providing up to $500 million of term loans with Oxford Finance LLC. The new facility will replace Vera's existing $50 million credit facility, with an initial funding of $75 million expected on June 4, 2025. Highlights include a lowered interest rate, reducing borrowing costs by 320 basis points based on current interest rates.