MannKind repays ~$31.6M MidCap debt, terminates $8.9M convertible note with Mann Group

MANNKIND CORP

On Apr 1, 2024, repaid ~$31.6M under MidCap Loan Agreement (incl. $2.8M exit fee, $0.3M prepayment fee); all liens released.
On Apr 2, 2024, terminated Convertible Note to Mann Group: issued 1.5M shares and paid ~$8.9M cash to extinguish ~$8.9M principal+interest.
Note was convertible into 3,554,198 shares; termination removes that potential dilution from equity.
Total debt eliminated includes ~$31.6M MidCap loan and ~$8.9M Mann Group Note; Loan Agreement maturity was Aug 1, 2025.

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