Ocugen发行1.15亿美元票据偿还债务;股票面临盘后抛售

2026-05-05 04:27

Ocugen (OCGN) announced on Monday that it plans to raise about $115M through Convertible Senior Notes due 2034 in a private placement to qualified institutional buyers.
Additionally, it also plans a 13-day option for the initial purchaser to raise an additional $15M in notes if demand allows.
The company will use ~$32.7M of net proceeds to fully repay its existing debt with affiliates of Avenue Capital Group, helping reduce near-term debt.
On the other hand, the remaining net proceeds from the initial purchaser will be deployed for general corporate purposes.
The notes may be converted into cash, shares, or a mix, with the final interest rate and conversion ratio still to be decided at pricing. The deal remains subject to market conditions and is not finalized yet.
Following the news, the stock traded at ~$1.64 while dropping ~12% in after-hours.
Source: Press Release

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