Pursuant to your financing and guaranty agreement, the company done a primary drawdown from $120 mil to your ount was utilized from the Company to pay for the bucks attention included in the payment regarding Deerfield’s elder shielded modifiable cards

LAUSANNE, Switzerland, –(Company Wire)–ADC Therapeutics SA (NYSE: ADCT) now announced that it enjoys complete a number of proper deals where they:

(„Owl Stone”), and financing treated from the Oaktree Financial support Management, L.P. („Oaktree”) that have an initial tranche of $120 mil gotten upon closure today;

Paid entirely this new $115 billion aggregate prominent amount of elderly secured convertible notes held of the Deerfield Management Company („Deerfield”) owed getting (i) $117.step three mil for the cash such as the contractual get off percentage for the prominent payment, (ii) 2,390,297 popular offers around comparable to the value of the rest interest https://paydayloanalabama.com/millport/ due towards the convertible debenture on the avoid of term, and you can (iii) warrants to shop for an aggregate out-of 4,412,840 prominent offers during the do it cost away from $ and you will $ per share;

Inserted towards a percentage get arrangement with specific funds out of Owl Material, a department off Blue Owl Funding Inc., having a good investment away from $6.25 mil to own 733,568 well-known shares.