From Nasdaq: 2025-05-12 14:08:00

Omeros Corporation has restructured a portion of its debt by exchanging $70.5 million in 5.25% Convertible Senior Notes due 2026 for newly issued 9.50% Convertible Senior Notes maturing in 2029. This move aims to extend the maturity of the debt and includes a 35% premium conversion rate. Additionally, the company has signed a conversion agreement with an investor to convert $10 million of its 2026 notes into common stock, reducing outstanding debt and near-term repayment obligations significantly. The new 2029 Convertible Notes offer a 9.50% annual interest rate and are convertible into cash, shares, or a combination thereof. OMER is currently trading lower on the Nasdaq Global Market at $4.41.



Read more at Nasdaq: Omeros Restructures $80.5M In Debt With New Notes And Stock Conversion Agreements