Quotient Limited Announces Completion of Senior Secured Notes Offering
Quotient Limited - Ordinary Shares (QTNT)
Last quotient limited - ordinary shares earnings: 1/30 06:00 am
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US:NASDAQ Investor Relations:
investors.quotientbd.com/investor-relations
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Source: GlobeNewswire
JERSEY, Channel Islands, July 02, 2018 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company (the Company), has completed the offering of up to $120.0 million aggregate principal amount of its 12% Senior Secured Notes due 2023 (the “Notes”). On June 29, 2018, the Company, completed the second and final closing (the “Second Closing”) of its offering of the Notes. Upon the Second Closing, the Company issued an additional $36.0 million aggregate principal amount of the Notes (the “Additional Notes”). The Second Closing was, triggered by the Company’s publication in a press release of field trial results for the MosaiQ™ IH Microarray demonstrating targeted concordance for the detection of blood-group antigens and antibodies, when compared to predicate technologies. The Company issued the initial $84.0 million aggregate principal amount of the Notes on October 14, 2016. The Company estimates the net proceeds from the Second Closing to be
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