Omeros Corporation Further Strengthens its Balance Sheet through Series of Financing Transactions Extending Maturity on a Majority of its Outstanding Debt into 2028
Omeros Corporation (OMER)
Last omeros corporation earnings: 3/2 04:03 pm
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US:NASDAQ Investor Relations:
investor.omeros.com
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Source: Business Wire
$118.1 million, or 55%, of outstanding convertible notes due in 2026 repurchased at approximately 75% of notional value, resulting in $51 million in total debt extinguishmentRepurchase funded from new $67 million secured four-year term loan maturing in June 2028 together with $21 million cash on handCredit facility includes $25 million delayed draw term loan conditionally available to fund narsoplimab commercializationTransactions include no equity component, preventing shareholder dilution, and enable additional debt reduction SEATTLE--(BUSINESS WIRE)--Omeros Corporation (Nasdaq: OMER) today announced that it has completed a series of strategic financial transactions, further strengthening its balance sheet and extending the maturity profile on a substantial portion of its debt from February 2026 to June 2028, while providing a secure source of capital to support potential commercialization of its lectin pathway inhibitor narsoplimab and flexibility to manage the remaining balance
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OMER
News
- Omeros Announces Webcast Details for Annual Meeting of ShareholdersBusiness Wire
- Omeros Co. (NASDAQ: OMER) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Omeros Corporation Further Strengthens its Balance Sheet through Series of Financing Transactions Extending Maturity on a Majority of its Outstanding Debt into 2028 [Yahoo! Finance]Yahoo! Finance
- Omeros Co. (NASDAQ: OMER) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Omeros Co. (NASDAQ: OMER) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
OMER
Earnings
- 5/15/24 - Miss
OMER
Sec Filings
- 6/12/24 - Form 8-K
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- OMER's page on the SEC website