Knight Therapeutics Repays Amounts Outstanding Under Revolving Credit Facility
Knight Therapeutics (GUD.TO) has repaid all amounts outstanding under its revolving credit facility with National Bank of Canada and a syndicate of lenders, according to a Wednesday news release.The credit facility provides borrowing capacity of up to US$100 million, with an additional $100 million accordion feature.In June 2025, Knight drew $60 million from the credit facility to support the acquisition of the Paladin business from Endo."Today marks the one-year anniversary of the Paladin transaction and we are proud that we have repaid within a year the credit we withdrew to finance the acquisition," said Arvind Utchanah, Chief Financial Officer of Knight.