Borrow More to Pay Down Debt and Buy Back Stock
PTC Therapeutics wants to borrow $500 million to pay off roughly $425 million in old debt. And with the extra cash on top of that, it plans to buy back about $50 million of its own stock.
PTC Therapeutics wants to borrow $500 million to pay off roughly $425 million in old debt. And with the extra cash on top of that, it plans to buy back about $50 million of its own stock.
