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Esperion Enters into $210 Million Convertible Debt Financing Agreements

Dec 13, 2024over 1 year ago

Contract Type

agreement

Ann Arbor

Description

Esperion has announced the entry into privately negotiated exchange and subscription agreements with certain holders of its outstanding Convertible Senior Subordinated Notes. The Agreements involve the issuance of $100 million aggregate principal amount of 5.75% Convertible Senior Subordinated Notes due 2030, along with approximately $153.4 million in cash in exchange for approximately $210.1 million principal amount of the 2025 Notes.

Company Information

Company

Esperion

Location

Ann Arbor, Michigan, United States

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months