The phrase mortgage develops towards and you can accrues focus at an annual price of secure total investment price (SOFR) plus seven

Pursuant to your loan and you will guarantee contract, the business done a first drawdown off $120 billion to your ount was applied because of the Providers to cover the cash thought as part of the settlement of Deerfield’s elderly secured modifiable cards

LAUSANNE, Switzerland, –(Team Cord)–ADC Therapeutics SA (NYSE: ADCT) now announced this provides accomplished a number of strategic transactions where they:

(„Owl Stone“), and you can finance handled because of the Oaktree Capital Government, L.P. („Oaktree“) with an upfront tranche out-of $120 million received up on closing now;

Paid entirely the brand new $115 million aggregate prominent level of elder secured modifiable cards held by the Deerfield Management Company („Deerfield“) due to possess (i) $117.step three mil in cash for instance the contractual get-off percentage to the dominating repayment, (ii) dos,390,297 prominent offers whenever equivalent to the value of the rest interest owed toward convertible debenture towards the avoid of name, and you will (iii) deserves to buy an enthusiastic aggregate of cuatro,412,840 well-known shares during the exercise prices away from $ and $ for every show;

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