Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce★★★★★4.8/5 on G2
Esperion Enters into $210 Million Convertible Debt Financing Agreements
Dec 13, 2024
Contract Type
agreement
Ann ArborBiotechnologyHealth CareTherapeuticsPharmaceuticalpharmaceuticals
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 Therapeutics
Location
3891 Ranchero Dr
Ann Arbor, Michigan, United States
About
Esperion Therapeutics is a pharmaceutical company based in Ann Arbor, Michigan, focused on developing and commercializing innovative medicines for patients at risk for cardiovascular and cardiometabolic diseases.