Brief: Assertio Announces Proposed Convertible Senior Notes Offering To Refinance Existing 13% Senior Secured Notes Due 2024

Assertio Holdings

22/08/2022 21:48

Aug 22 (Reuters) - Assertio Holdings Inc  ASRT.O :
    * ASSERTIO ANNOUNCES PROPOSED CONVERTIBLE SENIOR NOTES
OFFERING TO
REFINANCE EXISTING 13% SENIOR SECURED NOTES DUE 2024
    * ASSERTIO HOLDINGS INC - INTENDS TO OFFER $60 MILLION
AGGREGATE
PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2027
    * ASSERTIO HOLDINGS INC - EXPECTS TO GRANT INITIAL
PURCHASERS OF
CONVERTIBLE NOTES AN OPTION TO PURCHASE, WITHIN A 13-DAY PERIOD
    * ASSERTIO HOLDINGS INC - 13-DAY PERIOD TO BEGINNING AND
INCLUDE
DATE ON WHICH CONVERTIBLE NOTES ARE FIRST ISSUED
    * ASSERTIO HOLDINGS INC - WILL GRANT INITIAL PURCHASERS OF
CONVERTIBLE NOTES UP TO AN ADDITIONAL $10 MILLION AGGREGATE
PRINCIPAL AMOUNT OF CONVERTIBLE NOTES
    * ASSERTIO HOLDINGS INC - CONVERTIBLE NOTES WILL MATURE ON
SEPTEMBER 1, 2027, UNLESS EARLIER REPURCHASED, REDEEMED OR
CONVERTED

Source text for Eikon:  ID:nGNX9yfqfK 
Further company coverage:  ASRT.O