BRIEF-Egalet Reduces Announces Refinancing Of Existing Convertible Notes [Reuters]
EGALET CORP COMMON (EGLT)
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Source: Reuters
BRIEF-Egalet Reduces Announces Refinancing Of Existing Convertible Notes | Reuters Reuters Staff 1 Min Read 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: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. BRIEF-Egalet Reduces Announces Refinancing Of Existing Convertible Notes Dec 20 (Reuters) - Egale
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