SWK Holdings Provides Portfolio Update Highlighting Recent Achievements prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Corporate Highlights
Closed four transactions in 2020 deploying $34.8 million; additional $8.1 million deployed to existing borrowers
Income producing assets as of December 31, 2020 reached an all-time high of $206.0 million, accompanied by strong credit trends
Closed a $9.0 million transaction in March 2021, deploying $7.1 million
Received two milestone payments from Cara Therapeutics totaling $5.0 million, with SWK retaining $3.0 million and the other $2.0 million being remitted to Enteris prior owner.
Specialty Finance Segment Highlights:
For the fourth quarter of 2020, finance portfolio realized yield was 16.6%, compared to 20.4% for the fourth quarter of 2019
For the fourth quarter of 2020, finance portfolio effective yield was 13.8%, a 60 bps increase compared with 13.2% in the fourth quarter of 2019