Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.85
NantHealth, Inc. reported a default on convertible notes of approximately $75 million in aggregate principal amount of Convertible Notes with Highbridge Capital Management, LLC at accrued interest (rate not specified) maturing October 18, 2023.
- Instrument
- convertible notes
- Principal
- approximately $75 million in aggregate principal amount of Convertible Notes
- Counterparty
- Highbridge Capital Management, LLC
- Rate
- accrued interest (rate not specified)
- Maturity
- October 18, 2023
- Event
- default
Exact text from the filing
On September 29, 2023, NantHealth, Inc. (the " Company ") received notice from U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the " Trustee ") that, pursuant to the terms of the Amended and Restated Indenture, dated as of May 17, 2023 (as amended, restated, modified or supplemented from time to time, the " Convertible Notes Indenture "), by and among the Company, as issuer, NaviNet, Inc. and OpenNMS Group, Inc., as guarantors, and the Trustee, that Highbridge Capital Management, LLC and its affiliated funds (" Highbridge "), as holders of approximately $75 million in aggregate principal amount of Convertible Notes (the " Notes "), have exercised their right under the Convertible Note Indenture to require the Company to repurchase their Notes (the " Repurchase Right ") on October 18, 2023.
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