Cogent Biosciences Raises $230 Million Through Convertible Senior Notes Offering
Reuters
Nov 19
Cogent Biosciences Raises $230 Million Through Convertible Senior Notes Offering
Cogent Biosciences, Inc. has completed a public offering of $230 million aggregate principal amount of 1.625% Convertible Senior Notes due 2031, including the full exercise of the underwriters' over-allotment option for an additional $30 million. The Notes were issued under an indenture between Cogent Biosciences and U.S. Bank Trust Company, National Association, as trustee. The agreement includes provisions for special interest in the event of certain defaults, and outlines circumstances under which the principal amount becomes due, such as bankruptcy or significant financial judgments against the company.
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