04 Jul The phrase loan matures with the and you will accrues appeal within an annual price away from shielded full money rates (SOFR) also 7

Pursuant on the mortgage and you will warranty arrangement, the firm completed an initial drawdown off $120 million on the ount was used by Company to pay for the money said as part of the settlement regarding Deerfield's senior protected convertible notes

LAUSANNE, Switzerland, --(Team Cable)--ADC Therapeutics SA (NYSE: ADCT) now launched it features completed a number of strategic purchases where they:

("Owl Stone"), and you may funds addressed by Oaktree Funding Government, L.P. ("Oaktree") which have an upfront tranche off $120 mil acquired abreast of closing today;

Compensated in full the brand new $115 million aggregate dominant level of elderly safeguarded modifiable notes held because of the Deerfield Administration Team ("Deerfield") due having (i) $117.step 3 mil inside the dollars such as the contractual exit percentage for the dominant payment, (ii) 2,390,297 popular Denver installment loans shares whenever equal to the value of the remainder desire due for the convertible debenture on the stop of term, and you can (iii) is deserving of to invest in an aggregate regarding 4,412,840 well-known offers on take action rates out of $ and you will $ each share;