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Vera Therapeutics Soars 3.82% with $500M Credit Boost!
Wednesday, Jun 4, 2025 12:18 pm ET1min read
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.
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