---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-024510"
form_type: "8-K"
ticker: "ASRT"
cik: "0001808665"
company_name: "Assertio Holdings, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:12:29.193294+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Assertio exchanges $30M of 6.50% convertible notes for $10.5M cash + 7M shares; reduces debt by 42.9%

## Summary
- $30M principal of 6.50% Convertible Senior Notes due 2027 exchanged for $10.5M cash and ~7M shares.
- Debt reduced by 42.9% from $70M to $40M remaining outstanding.
- Annual interest savings of $2.0M from reduced debt.
- Transaction accretive to diluted EPS by $0.02 in 2023.
- Closing expected February 27, 2023; SVB Securities acted as exchange agent.

## SEC filing metadata
- accession: 0001104659-23-024510
- form_type: 8-K
- ticker: ASRT
- cik: 0001808665
- company_name: Assertio Holdings, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/0001104659-23-024510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/tm237635d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-024510
- JSON: https://secwatch.observer/filing/0001104659-23-024510.json
- Plain text: https://secwatch.observer/filing/0001104659-23-024510.txt

## Key facts
- Material Agreements
  Assertio Holdings, Inc. entered into Exchange Agreements with a limited number of holders of the Company's 6.50% Convertible Senior Notes due 2027 valued at $30.0 million (effective 2023-02-23).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: a limited number of holders of the Company's 6.50% Convertible Senior Notes due 2027
  - Value: $30.0 million
  - Effective: 2023-02-23
  source text: On February 23, 2023, Assertio Holdings, Inc. (the “ Company ”) announced it has entered into separate, privately negotiated exchange agreements (the “ Exchange Agreements ”) with a limited number of holders of the Company’s currently outstanding 6.50% Convertible Senior Notes due 2027 (the “ Exchanged Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808665/000110465923024510/0001104659-23-024510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.