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GENFIT Finalizes 2025 OCEANEs Proposal: Repurchase At EUR 32.00 Per Bond, Alternative EUR 0.60 Consent Fee For Remaining Holder

Author: Benzinga Newsdesk | February 10, 2025 02:12am

In conjunction with the royalty financing deal with HealthCare Royalty (HCRx) announced on January 30, 2025, GENFIT will request the consent of the holders of 2025 OCEANEs and proposes:
- to repurchase the 2025 OCEANEs at EUR 32.00 per bond from interested bondholders, or alternatively
- to pay a consent fee of EUR 0.60 per bond still outstanding after the upcoming bondholder meeting and cancellation of the repurchased 2025 OCEANEs
Both proposals are subject to approval of the royalty financing by the 2025 OCEANEs bondholders at the upcoming bondholders meeting and closing of the royalty financing

Posted In: GNFT