Navigation Links
MannKind Announces New $350 Million Credit Facility
Date:10/2/2007

Brings Total Financing Commitments Announced Today to $600 Million New Commitments Expected To Fund Operations Through Third Quarter of 2009

VALENCIA, Calif., Oct. 2 /PRNewswire-FirstCall/ -- MannKind Corporation (Nasdaq: MNKD) announced today that it has entered into a new loan arrangement with Alfred E. Mann, its principal stockholder, Chief Executive Officer and Chairman of the Board of Directors, providing for $350 million in credit available until December 31, 2009. The loan can be drawn down in certain amounts and during specific times. Advances bear interest at the rate of LIBOR plus 3%, are unsecured, and rank pari passu with the Company's other senior unsecured debt. There are no warrants or other consideration in connection with the loan arrangement. MannKind will be required to repay any borrowings under this arrangement on December 31, 2011. At any time after January 1, 2010, Mr. Mann can require MannKind to prepay up to $200 million in advances that have been outstanding for at least 12 months. This new loan agreement replaces the $150 million loan agreement with Mr. Mann that was previously in place.

"This arrangement together with the registered direct offerings of common stock also announced today represent commitments of $600 million, which we believe will enable us to continue to advance our Technosphere(R) Insulin program and fund our other operations through the third quarter of 2009," stated Hakan Edstrom, President and Chief Operating Officer. "These funds ensure that we will be able to support our operations beyond the filing of our NDA for Technosphere Insulin -- which is still scheduled for December 2008 -- and the subsequent pre-approval inspection of our manufacturing facility
'/>"/>

SOURCE MannKind Corporation
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related medicine news :

1. PM announces a new health care order for India
2. Ramdoss Announces Introduction of RCH-II
3. Britain Announces Third Transfusion Related Mad Cow Case
4. Gates Foundation Announces $287 Million In Grants Towards AIDS Vaccine
5. Tibet Announces the Dalai Lama’s Tour of South Americ
6. NHS announces further Cost cutting Measures
7. Indian PM Announces Of Setting Up India Study Center At Tashkent
8. PowderMed Announces Needle-Less Flu Vaccine
9. Malaysia Announces Prison term On People Donating HIV-Contaminated Blood
10. Australian Government Announces Survey To Tackle Childhood Obesity
11. New Zealand Announces 10-year Plan For Betterment Of Mental Health Care
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2013)... 23, 2013 OnSomble, Inc. has partnered ... of the professional role and empower nurses to work ... president of patient care services and chief nursing officer ... excellent clinicians, and we want to help them take ... to lead they must follow, encourage them to take ...
(Date:5/23/2013)... May 23, 2013 Group Home Buy ... home buyers were taken on a tour of the latest ... people to purchase houses in groups, thus availing a concession ... charge a nominal fee from the home buyers for the ... the only source of revenue for Group Home Buy will ...
(Date:5/23/2013)... Long-Term Care Insurance shopping site LTC Tree ... applicants for Long Term Care Insurance are approved by insurance ... decision to buy a Long Term Care Insurance policy is ... to purchase protection are increasingly being turned away by insurance ... A variety of chronic conditions appear to be responsible for ...
(Date:5/23/2013)... (PRWEB) May 23, 2013 911 Signal USA ... expo will begin on May 22 and run through May ... and information about the company's emergency vehicle lights ... new 2013 Dodge Charger at the expo. , The Charger ... on the market and can be seen by visiting 911 ...
(Date:5/22/2013)... The surging growth in specialty beds continues ... claims to compare mattresses often proves a bit challenging ... blog , offers shoppers faced with this dilemma an ... article. , Titled “ Mattress Comparison Overview – Top ... through the basics of innerspring beds as well as ...
Breaking Medicine News(10 mins):Health News:OnSomble, Inc. Partners with The Aroostook Medical Center to Enhance Nurse Understanding of the Professional Role 2Health News:Group Home Buy, a Unique Facility for Home Buyers, Launched in Style 2Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 2Health News:More Baby Boomers Rejected by Long Term Care Insurance Companies 3Health News:911 Signal USA Attends the 2013 Southwest Police Fleet Expo 2Health News:Mattress Comparison Overview Released by The Sleepy Shopper; Compares Top Types and Brands 2
... made up from olive oil, glycerine and egg ... cardiac bypass surgery.// ,The journal of Catheterization ... which was led by Michael Savage, M.D., director, ... Philadelphia. ,The mixture is not swallowed, Dr. ...
... stressed the need for inter-state cooperation to prevent ... should create a good system of intelligence-cum-legal wing, ... They should share the information with all the ... ,Inaugurating the 37th Drug Consultative Committee meeting ...
... Neurobiologists have discovered why the aging brain produces ... and memory center.// The scientists said the finding, ... long crucial "progenitor" stem cells persist in the ... the possibility of treating various neurodegenerative disorders, including ...
... together to educate Muslims on the necessity of vaccinating ... children belonging to the community. ,Lucknow's maulanas, or ... Rotary International that has been closely involved with the ... to join the vaccination teams, which face Muslim resistance ...
... adults developing symptoms of diabetes and heart disease, lifestyle ... cardiac problems. //A longitudinal study suggests that by reducing ... of life would reduce their risk of developing cardiac ... associated problems such as hypertension and type-2 diabetes has ...
... the results from a NIH funded clinical trials, the ... along with other botanical supplements failed to relieve hot ... the Herbal Alternatives (HALT) for Menopause Study. ... of Health (NIH), found that women using menopausal hormone ...
Cached Medicine News:Health News:Olive Oil Emulsions Prevent Cardiac Bypass Surgery 2Health News:Stem Cell Activity Deciphered in the Aging Brain 2Health News:Muslim Clerics to Join Hands to Eradicate Polio 2Health News:Cardiac Risk is Reduced by Cutting the Sugar in Your Drink 2Health News:Cardiac Risk is Reduced by Cutting the Sugar in Your Drink 3Health News:Herbal Supplements Fail to Relieve Hot Flushes 2Health News:Herbal Supplements Fail to Relieve Hot Flushes 3
(Date:5/22/2013)...  The Leukemia & Lymphoma Society (LLS) is committing ... a joint venture between ImmunGene and Caliber, to co-fund ... I clinical trial for a novel fusion protein that ... with indolent lymphomas who do not respond to standard ... is a new class of biotherapeutics produced by fusing ...
(Date:5/22/2013)... and CAESAREA, Israel , May 22, ... New clinical data presented from the DEFLECT-I study demonstrates ... reduces brain lesion volume during TAVR (Transcatheter Aortic Valve ... Keystone Heart Scientific Advisory Board announces consensus on the ... regarding the importance and need for cerebral protection during ...
(Date:5/22/2013)... 22, 2013  For the 3% of the population that ... embarrassing, uncomfortable, anxiety-inducing and disabling.  While more than half ... their symptoms, hyperhidrosis is a serious medical condition.  Finally, ... Precision TX™. Dr. Bruce Katz ... Center in New York , is ...
Breaking Medicine Technology:The Leukemia & Lymphoma Society, Valor Biotherapeutics and ImmunGene Create Partnership to Advance Novel Therapy for Non-Hodgkin Lymphoma Patients 2The Leukemia & Lymphoma Society, Valor Biotherapeutics and ImmunGene Create Partnership to Advance Novel Therapy for Non-Hodgkin Lymphoma Patients 3The Leukemia & Lymphoma Society, Valor Biotherapeutics and ImmunGene Create Partnership to Advance Novel Therapy for Non-Hodgkin Lymphoma Patients 4New Clinical Data Presented at EuroPCR Demonstrates that TriGuard Reduces Brain Lesion Volume during TAVR 2New Clinical Data Presented at EuroPCR Demonstrates that TriGuard Reduces Brain Lesion Volume during TAVR 3New Clinical Data Presented at EuroPCR Demonstrates that TriGuard Reduces Brain Lesion Volume during TAVR 4Is There Finally A Way To Stop Severe Excessive Sweating? 2
... Jan. 27 Genomic Health, Inc. (Nasdaq: GHDX ) today ... Wednesday, February 3 at 4:30 p.m. Eastern Time to discuss ... follow the release of the fourth quarter financial results after market close. ... call on February 3 at 4:30 p.m. Eastern Time ...
... , STAMFORD, Conn. , Jan. 27 ... Food and Drug Administration (FDA) 510(k) approval has been received for ... sale in the U.S.  A fully automated digital table and ... in comparison to other general radiographic systems*.  It also includes special ...
Cached Medicine Technology:Genomic Health to Announce Fourth Quarter and Year-End 2009 Financial Results and Host Conference Call on Wednesday, February 3 2Now Approved: Fujifilm's FDR AcSelerate Direct Digital DR System 2Now Approved: Fujifilm's FDR AcSelerate Direct Digital DR System 3Now Approved: Fujifilm's FDR AcSelerate Direct Digital DR System 4
Indications For Usage: ,Adult (recommended tidal volume >150ml), single patient use on anesthetized patients and respiratory care patients who require a breathing circuit. The product is intended to ...
Indications For Usage: ,Adult (recommended tidal volume >150ml), single patient use on anesthetized patients and respiratory care patients who require a breathing circuit. The product is intended to...
... The Portex® Thermovent® T helps provide protection to ... is small and extremely lightweight making it ideal ... With a high rate of heat and moisture ... retention., ,All HMEs and filters have ISO ...
... 1991 Intersurgical Incorporated manufactures ... heat and moisture exchangers, ... products, hand-held nebulizers and ... accessories and connectors for ...
Medicine Products: