Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
EXACT SCIENCES CORP incurred convertible notes of $620,709,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 1.75% per year maturing April 15, 2031.
- Instrument
- convertible notes
- Principal
- $620,709,000 aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 1.75% per year
- Maturity
- April 15, 2031
- Event
- incurrence
Exact text from the filing
completed the closing of the transactions contemplated by those exchange and purchase agreements dated April 10, 2024 (the “Agreements”) entered into with certain holders (the “Holders”) of the Company’s 0.375% Convertible Senior Notes due 2028 (the “2028 Notes”). Pursuant to the terms of the Agreements, the Company issued to the Holders $620,709,000 aggregate principal amount of 1.75% Convertible Senior Notes due 2031 (the “2031 Notes”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
EXACT SCIENCES CORP entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $620,709,000 aggregate principal amount of 1.75% Convertible Senior Notes due 2031 (effective 2024-04-17).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $620,709,000 aggregate principal amount of 1.75% Convertible Senior Notes due 2031
- Effective
- 2024-04-17
Exact text from the filing
completed the closing of the transactions contemplated by those exchange and purchase agreements dated April 10, 2024 (the “Agreements”) entered into with certain holders (the “Holders”) of the Company’s 0.375% Convertible Senior Notes due 2028 (the “2028 Notes”). Pursuant to the terms of the Agreements, the Company issued to the Holders $620,709,000 aggregate principal amount of 1.75% Convertible Senior Notes due 2031 (the “2031 Notes”) in exchange for $359,662,000 aggregate principal amount of the Holders’ 2028 Notes and $266,750,000 in cash. The 2031 Notes were issued pursuant to an indenture dated as of January 17, 2018 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented by the fifth supplemental indenture dated as of April 17, 2024 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”).
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