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OPKO Health Raises $125 Million in Additional Royalty-Backed Notes Under Amended HCR Agreement
OPKO Health has secured an additional $125 million in senior secured notes by amending its 2024 Note Purchase Agreement with HCR Injection SPV to enhance liquidity. These royalty-backed notes mature in 2044 and bear interest based on 3-month SOFR plus 7.5%, with payments primarily sourced from EirGen's profit share from Pfizer and secondarily from mazdutide sales royalties. The …