secwatch / observer
8-K filed August 23, 2023, 7:59 PM ET CIK 0001501134
debt confidence high sentiment neutral materiality 0.60

Invitae Corp: debt financing — Invitae exchanges $17.2M of 2024 convertible notes for $100k new notes and 15.8M shares

Invitae Corp

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

Invitae Corp incurred convertible notes of $100,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee and collateral agent at 4.5% maturing due 2028.

Instrument
convertible notes
Principal
$100,000 aggregate principal amount
Counterparty
U.S. Bank Trust Company, National Association, as trustee and collateral agent
Rate
4.5%
Maturity
due 2028
Event
incurrence
Exact text from the filing
the Company is exchanging $17,211,000 aggregate principal amount of the Old Notes for $100,000 aggregate principal amount of its new 4.5% Series A Convertible Senior Secured Notes due 2028
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Invitae Corp amended convertible notes.

Instrument
convertible notes
Event
amendment
Exact text from the filing
the Company, the Guarantors, the Trustee and the Collateral Agent entered into the First Supplemental Indenture
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Invitae Corp entered into First Supplemental Indenture with Guarantors, U.S. Bank Trust Company, National Association as Trustee and Collateral Agent valued at Amendment to Indenture to allow issuance of additional Series A Notes up to $100,000 and amend coven (effective 2023-08-22).

Action
entry
Agreement
notes offering
Counterparty
Guarantors, U.S. Bank Trust Company, National Association as Trustee and Collateral Agent
Value
Amendment to Indenture to allow issuance of additional Series A Notes up to $100,000 and amend coven
Effective
2023-08-22
Exact text from the filing
On August 22, 2023, in connection with the Transaction, the Company, the Guarantors, the Trustee and the Collateral Agent entered into the First Supplemental Indenture (the “First Supplemental Indenture”) to the Indenture, amending certain terms of the Indenture consented to by the Holders of the requisite aggregate principal amount of the outstanding Notes.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Invitae Corp entered into Exchange Agreement with holder of the Company's currently outstanding 2.00% Convertible Senior Notes due 2024 valued at Exchange of $17,211,000 Old Notes for $100,000 New Notes and 15,819,604 shares of Common Stock (effective 2023-08-22).

Action
entry
Agreement
notes offering
Counterparty
holder of the Company's currently outstanding 2.00% Convertible Senior Notes due 2024
Value
Exchange of $17,211,000 Old Notes for $100,000 New Notes and 15,819,604 shares of Common Stock
Effective
2023-08-22
Exact text from the filing
On August 22, 2023, Invitae Corporation (the “Company”) entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with a holder of the Company’s currently outstanding 2.00% Convertible Senior Notes due 2024 (the “Old Notes”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001501134-23-000072
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