Azenta Receives Full Repayment of $35 Million Vendor Loan Related to Sale of B Medical Systems
Summary
Azenta announced that it received full repayment of a $35 million vendor loan tied to the sale of B Medical Systems. The repayment arrived before maturity and included all accrued interest. Azenta also confirmed that it has now collected the full $63 million purchase price in cash. The company said the repayment completes the divestiture and removes the remaining credit exposure from the transaction.
AskAI Classifications
Sectors
Life Sciences and Pharmaceutical
Life Sciences Management
Functions
No functions detected
Linked Companies
Azenta Life Sciences
$500M to $1B