secwatch / observer
8-K filed December 28, 2022, 6:59 PM ET ticker NVAX CIK 0001000694
debt confidence high sentiment neutral materiality 0.60

NOVAVAX INC (NVAX): debt financing — Novavax closes $25.25M additional convertible note offering; total net proceeds $166.3M

NOVAVAX INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NOVAVAX INC incurred convertible notes of $25.25 million with J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC at 5.00% maturing due 2027.

Instrument
convertible notes
Principal
$25.25 million
Counterparty
J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC
Rate
5.00%
Maturity
due 2027
Event
incurrence
Exact text from the filing
On December 23, 2022, Novavax, Inc. (the “Company”) completed the issuance and sale of $25.25 million aggregate principal amount of the Company’s 5.00% Convertible Senior Notes due 2027 (the “Additional Notes”) to J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC, as representatives (the “Representatives”) of the several initial purchasers
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NOVAVAX INC entered into Purchase Agreement with J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC valued at $25.25 million (effective 2022-12-15).

Action
entry
Agreement
notes offering
Counterparty
J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC
Value
$25.25 million
Effective
2022-12-15
Exact text from the filing
On December 23, 2022, Novavax, Inc. (the “Company”) completed the issuance and sale of $25.25 million aggregate principal amount of the Company’s 5.00% Convertible Senior Notes due 2027 (the “Additional Notes”) to J.P. Morgan Securities LLC, Jefferies LLC and Cowen and Company, LLC, as representatives (the “Representatives”) of the several initial purchasers (the “Initial Purchasers”), pursuant to their election to purchase Additional Notes, which was exercised in full, pursuant to the purchase agreement, dated as of December 15, 2022, by and among the Company and the Initial Purchasers (the “Purchase Agreement”).
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90 debt financings filed in the last 30 days. Browse all debt financings →

NOVAVAX INC filing history →

Source: SEC EDGAR
accession 0001104659-22-130566
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