The expression mortgage matures on the and accrues attention during the an annual rate off covered full capital rates (SOFR) plus 7

The expression mortgage matures on the and accrues attention during the an annual rate off covered full capital rates (SOFR) plus 7

Pursuant into loan and you will guarantee arrangement, the firm complete a primary drawdown off $120 billion with the ount was used of the Business to pay for the bucks idea included in the settlement off Deerfield’s elderly secured modifiable cards

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LAUSANNE, Switzerland, –(Team Cord)–ADC Therapeutics SA (NYSE: ADCT) today established this has actually completed a series of strategic transactions in which it:

(“Owl Material”), and you may loans treated from the Oaktree Resource Management, L.P. (“Oaktree”) with an initial tranche away from $120 million acquired on closure now;

Paid in full brand new $115 mil aggregate principal amount of senior secured convertible cards kept of the Deerfield Management Company (“Deerfield”) owed to have (i) $117.3 billion into the bucks including the contractual log off commission towards the principal payment, (ii) dos,390,297 well-known shares everything comparable to the value of the rest focus owed towards the convertible debenture with the prevent from label, and (iii) warrants to order an enthusiastic aggregate out-of cuatro,412,840 well-known shares from the take action prices out-of $ and you can $ for every single show;

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