
Waldencast Enhances Financial Position with Trademark Sale and New Credit Facility

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Waldencast plc announced the sale of its 'Obagi' trademark in Japan for $82.5 million and secured a $225 million credit facility with Lumina Capital Management. These actions aim to strengthen its financial position and support investment in its brands. Analysts rate WALD stock as Hold with a $2.00 price target, noting strong revenue growth but challenges in profitability. Waldencast focuses on scaling high-growth beauty and wellness brands.
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