debt
confidence high
sentiment neutral
materiality 0.75
Insmed calls all $569.5M of 0.75% Convertible Notes due 2028 for redemption on June 6, 2025
INSMED Inc
- Company redeems $569.5M aggregate principal of 0.75% Convertible Senior Notes due 2028 on June 6, 2025.
- Redemption price equals 100% of principal plus accrued interest (~$1,000.10 per $1,000 note).
- Holders may convert notes until 5:00 p.m. ET on June 4, 2025; conversions settled in common stock at 30.7692 shares per $1,000 principal (conversion price ~$32.50).
- If all notes converted, up to 17,523,336 shares of common stock would be issued.
- Paying agent: Computershare Trust Company; payment through DTC for book-entry notes.