2020-11-23 11:57:21 GNFT Genfit
11/23/20 11/2311:57 11/23/2011:57 | Genfit convertible bond moves should improve flexibility, says H.C. WainwrightAfter Genfit announced the final terms of its proposed partial buyback and term amendment of its OCEANE 3.50% convertible bonds, H.C. Wainwright analyst Ed Arce said he thinks the moves should improve the company's financial flexibility. The analyst, who views the bond buyback and amendment as critical to enable Genfit to sufficiently reduce its debt service in order reach elafibranor's PBC top-line data readout expected in early 2023, keeps a Neutral rating on the shares as he is not expecting any meaningful stock catalysts for at least the next year. | |
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