HealthCare Royalty and Blue Owl Announce $250 Million Debt Financing With TG Therapeutics

Washington, DC – August 6, 2024 – Cooley advised Blue Owl Capital (NYSE: OWL), a top asset manager that is redefining alternatives, and HealthCare Royalty (HCRx), a top royalty acquisition company focused on commercial or near-commercial biopharmaceutical products, on a $250 million term loan facility with TG Therapeutics (NASDAQ: TGTX), a fully integrated, commercial-stage biopharmaceutical company focused on the acquisition, development and commercialization of novel treatments for B-cell diseases.

Lawyers Michael Tollini, Mischi a Marca and Addison Pierce led the interdisciplinary Cooley team advising Blue Owl and HCRx, which also included life sciences partner Geoffrey Spolyar, patent counseling and prosecution partner Jon Cousin, and tax partner Xander Lee.

Cooley previously advised Blue Owl on its up to $1.05 billion investment in BridgeBio Pharma in January 2024 and its up to $140 million investment in XOMA Corporation in December 2023.

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