Insmed Announces Redemption of all $225 Million of Outstanding 1.75% Convertible Senior Notes Due 2025 [Yahoo! Finance]
Insmed Incorporated (INSM)
Last insmed incorporated earnings: 4/30 07:30 am
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Source: Yahoo! Finance
the lives of patients with serious and rare diseases, today announced that it has called all $225 million aggregate principal amount of its outstanding 1.75% Convertible Senior Notes Due 2025 (the "Notes") (CUSIP No. 457669AA7) for redemption on August 9, 2024 (the "Redemption Date"). Insmed is redeeming the Notes as permitted under Section 11.03 of the indenture governing the Notes (the "Indenture"). Redemption Process The redemption price will be payable on the Redemption Date in cash and equal to 100% of the principal amount of the Notes outstanding on the Redemption Date, plus accrued and unpaid interest on such Notes to, but excluding, the Redemption Date (the "Redemption Price"). For each principal amount of Notes, the Redemption Price will be equal to approximately . Unless Insmed defaults in making the payment of the Redemption Price, interest on the Notes will cease to accrue on and after the Redemption Date. For all Notes surrendered in book-entry form, payment of the
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News
- Insmed Incorporated (NASDAQ: INSM) had its price target raised by analysts at Bank of America Co. from $62.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- Insmed Announces Redemption of all $225 Million of Outstanding 1.75% Convertible Senior Notes Due 2025PR Newswire
- Insmed Incorporated (NASDAQ: INSM) had its price target raised by analysts at Evercore ISI from $42.00 to $75.00. They now have an "outperform" rating on the stock.MarketBeat
- Insmed Incorporated (NASDAQ: INSM) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- Insmed Incorporated (NASDAQ: INSM) had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $72.00. They now have an "overweight" rating on the stock.MarketBeat
INSM
Earnings
- 5/9/24 - Beat
INSM
Sec Filings
- 6/27/24 - Form 8-K
- 6/13/24 - Form 8-K
- 6/12/24 - Form 4
- INSM's page on the SEC website