MannKind (MNKD) Repays Certain Debts

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Go back to MannKind (MNKD) Repays Certain Debts

MannKind Repays Certain Debt Obligations

April 3, 2024 6:00 AM EDT

Credit and security agreement with MidCap Financial Trust repaid in full for approximately $31.6 million
Convertible note issued to Mann Group LLC repaid in exchange for 1.5 million shares of common stock and approximately $8.9 millionTotal debt reduced since December 31, 2023 is approximately $41.8 million

DANBURY, Conn. and WESTLAKE VILLAGE, Calif., April 03, 2024 (GLOBE NEWSWIRE) --  MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and devices for patients with endocrine and orphan lung diseases, announced today that it has repaid in... More