secwatch / observer
8-K filed November 7, 2023, 6:59 PM ET CIK 0001401708
debt confidence high sentiment negative materiality 0.85

NS Wind Down Co., Inc.: debt financing — NanoString exchanges $216M 2025 convertible notes for new secured notes & warrants

NS Wind Down Co., 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

NS Wind Down Co., Inc. incurred senior notes of approximately $216 million with U.S. Bank Trust Company, National Association at 6.95% per annum maturing September 1, 2026.

Instrument
senior notes
Principal
approximately $216 million
Counterparty
U.S. Bank Trust Company, National Association
Rate
6.95% per annum
Maturity
September 1, 2026
Event
incurrence
Exact text from the filing
NanoString Technologies, Inc. (the “Company”) entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with respect to the exchange of approximately $216 million aggregate principal amount of the Company’s outstanding 2.625% Convertible Senior Notes due 2025 for (i) approximately $216 million in aggregate principal amount of the Company’s
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NS Wind Down Co., Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee and collateral agent valued at 6.95% Senior Secured Notes due 2026 in aggregate principal amount of approximately $216 million, int (effective 2023-11-07).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association, as trustee and collateral agent
Value
6.95% Senior Secured Notes due 2026 in aggregate principal amount of approximately $216 million, int
Effective
2023-11-07
Exact text from the filing
The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of November 7, 2023, between the Company, the guarantor parties thereto and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NS Wind Down Co., Inc. entered into Exchange Agreement with holders of 2.625% Convertible Senior Notes due 2025 valued at exchange of approximately $216 million aggregate principal amount of Company's outstanding 2.625% Co (effective 2023-11-06).

Action
entry
Agreement
notes offering
Counterparty
holders of 2.625% Convertible Senior Notes due 2025
Value
exchange of approximately $216 million aggregate principal amount of Company's outstanding 2.625% Co
Effective
2023-11-06
Exact text from the filing
on November 6, 2023, NanoString Technologies, Inc. (the “Company”) entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with respect to the exchange of approximately $216 million aggregate principal amount of the Company’s outstanding 2.625% Convertible Senior Notes due 2025 for (i) approximately $216 million in aggregate principal amount of the Company’s 6.95% Senior Secured Notes due 2026 (the “2026 Notes”) and (ii) warrants (each, a “Warrant” and, collectively, the “Warrants”) to purchase an aggregate of 16.0 million shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at an exercise price of $1.69 per share (the exchange of the 2025 Notes for the 2026 Notes and the Warrants, collectively the “Exchange Transaction”).
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Source: SEC EDGAR
accession 0001401708-23-000241
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