Sarepta stock drops after unveiling $291 mn debt refinance plan

Sarepta shares fell over 6% after announcing a $291 million debt refinancing, swapping its 2027 convertible notes for new 2030 notes carrying a higher 4.875% rate plus $31.6 million in cash. The deal, expected to close on Dec. 18, 2025, also includes purchasing about 691,000 SRPT shares, pressuring sentiment.