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Adc Therapeutics Announces $175 Million Senior Secured Term Loan From Owl Rock And Oaktree And Settlement Of Existing Senior Secured Convertible Notes

PUBLIC · ADCTAug 15, 2022

Amount Raised

$175 Million

Round Type

Convertible Note

LausanneBiotechnologyHealth CareTherapeutics

Description

ADC Therapeutics SA (NYSE: ADCT) today announced that it has completed a series of strategic transactions in which it:

Quick answer

ADC Therapeutics raised $175 Million in a Convertible Note round, dated August 15, 2022. ADC Therapeutics is based in Lausanne, Vaud, Switzerland.

How much did ADC Therapeutics raise?
ADC Therapeutics raised $175 Million in a Convertible Note round on August 15, 2022.
What does ADC Therapeutics do?
ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs).
Where is ADC Therapeutics based and how big is it?
ADC Therapeutics is based in Lausanne, Vaud, Switzerland. Fundz records about 318 employees.
Who are the decision-makers at ADC Therapeutics?
Fundz holds 1 contact at ADC Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as ADC Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Qnovia raised $17M (Series A) on September 28, 2022.
  • Damona Pharmaceuticals raised $5.5M (Seed) on September 28, 2022.
  • CLEARA Biotech B.V raised $2.5M (Seed) on September 28, 2022.
  • bioAffinity Technologies raised $7.7M (Post-IPO Equity) on September 28, 2022.
  • Gamida Cell raised $25M (Funding Round) on September 28, 2022.
  • Curavit Clinical Research raised $8.5M on September 28, 2022.

Who to call at ADC Therapeutics, and when

A new round usually means ADC Therapeutics is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day ADC Therapeutics raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at ADC Therapeutics, from your own LinkedIn network

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Company Information

Company

ADC Therapeutics

Location

Lausanne, Vaud, Switzerland

About

ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs). The Company is advancing its proprietary ADC technology to transform the treatment paradigm for patients with hematologic malignancies and solid tumors.

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Fundz sees it the moment ADC Therapeutics raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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ADC Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.