2020-12-07 10:45:37 APEN Apollo Endosurgery
12/07/20 12/0710:45 12/07/2010:45 | Apollo Endosurgery looks to boost liquidity with loan deal, says Piper SandlerPiper Sandler analyst Adam Maeder says Apollo Endosurgery's agreement with Solar Capital to extend the interest-only period and maturity date of its existing term loan provides the company with additional liquidity and we think should be positively received by shareholders. The analyst says Apollo has sufficient cash to execute on its game plan in 2021, which he thinks is shaping up to be a strong year behind the positive underlying momentum in the business and the upcoming launch of X-Tack. The analyst made no change to his Overweight rating or $5 price target. |
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