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Covington Represents Marathon Asset Management on $100 Million Loan to Theratechnologies

Press Release July 13, 2022

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  • Covington Represents Marathon Asset Management on $100 Million Loan to Theratechnologies

Covington Represents Marathon Asset Management on $100 Million Loan to Theratechnologies

July 13, 2022

NEW YORK—Covington advised Marathon Asset Management LP in its binding commitment with respect to a non-dilutive term loan for up to $100 million to Theratechnologies Inc.

Marathon Asset Management is a healthcare investor providing capital solutions to companies across industries, with a specific focus on emerging biopharmaceutical companies.

Theratechnologies is a biopharmaceutical company focused on the development and commercialization of innovative therapies addressing unmet medical needs.

The Covington team included Peter Schwartz, Jennifer Uren, Julian Wright, and Brendon Francis (finance), Scott Cunningham (FDA regulatory), Kurt Baca and Jamin Koo (tax), and Justin Schenck (OFAC/sanctions).

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