- Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) inked a $2 billion sustainability-linked revolving credit facility, renewing an undrawn $2 billion credit facility signed in 2013.
- The renewed facility has a link to Ericsson’s sustainability work, and its interest margin will be linked to two of its sustainability KPIs. The first KPI is tied to carbon neutrality in Ericsson’s operations by 2030, and the second connects with suppliers setting 1.5 C° aligned climate targets.
- The facility has a five-year tenor with two one-year extension options and will serve as a facility for general corporate purposes.
- Price Action: ERIC shares traded higher by 0.81% at $11.22 in the premarket session on the last check Thursday.
Seagen Reports Last Patient Enrolled In Phase 2 MOUNTAINEER Trial Evaluating TUKYSA Regimen In HER2-Positive Metastatic Colorectal Cancer
Seagen Inc. (NASDAQ:SGEN) today announced it completed patient enrollment in the phase 2 open-label MOUNTAINEER clinical trial, evaluating TUKYSA® (tucatinib) in combination with trastuzumab (Herceptin®) and as a
