Moderna Secures $1.5B Five-Year Loan from Ares Management Ahead of Strategy Update

Moderna Inc. (NASDAQ:MRNA) is one of the high short interest stocks to buy right now. On November 20, Moderna announced that it had secured a five-year loan of 1.5billionfromAresManagementCorp(NYSE:ARES).Thecompanymadethisannouncementasitpreparedtounveilstrategyupdatestoanalystslaterthatday.Modernaplanstodraw1.5 billion from Ares Management Corp (NYSE:ARES). The company made this announcement as it prepared to unveil strategy updates to analysts later that day. Moderna plans to draw 600 million upfront and retains optional access to an additional 400millionthroughNovember2027and400 million through November 2027 and 500 million through November 2028. President of Moderna, Stephen ...