Invitae conducts private $17.21 million convertible exchange

Chicago, Aug. 23 – Invitae Corp. worked with holders of another $17,211,000 of its 2% convertible senior notes due 2024 on a private exchange, according to an 8-K filing with the Securities and Exchange Commission.

The company did a similar, but more sizable, private exchange of the same notes that settled in March.

Holders are exchanging the existing convertibles due 2024 for $100,000 of new 4.5% series A convertible senior secured notes due 2028 and 15,819,604 shares of common stock.

In the March exchange, the company issued $275,257,000 of 4.5% series A notes due 2028 and $30 million of 4.5% series B notes due 2028.

The $100,000 of new notes in this exchange will be issued under the March indenture.

Settlement on the current exchange was planned for Wednesday.

Invitae is a San Francisco-based medical genetics company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.