December 20, 2017 / 1:28 PM / 6 months ago

BRIEF-Egalet Reduces Announces Refinancing Of Existing Convertible Notes

Dec 20 (Reuters) - Egalet Corp:

* EGALET REDUCES DEBT OBLIGATION, EXTENDS MATURITY AND LOWERS ANNUAL INTEREST PAYMENTS THROUGH REFINANCING OF EXISTING CONVERTIBLE NOTES

* EGALET CORP - ‍ENTERED INTO EXCHANGE AGREEMENTS WITH CERTAIN HOLDERS OF EGALET’S OUTSTANDING 5.50% SENIOR CONVERTIBLE NOTES DUE APRIL 1, 2020​

* EGALET CORP - ‍TOTAL FACE VALUE OF COMPANY’S CONVERTIBLE DEBT WILL BE REDUCED FROM $61.0 MILLION TO $48.5 MILLION THROUGH EXCHANGE​

* EGALET - TOTAL PRINCIPAL AMOUNT OUTSTANDING OF EXISTING NOTES TO BE REDUCED, MATURITY DATE OF NEW NOTES IS DEC 2024-A 5-YEAR EXTENSION FROM ORIGINAL DATE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below