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Idorsia‘s Public Repurchase Offer to Exchange Convertible Bonds
On 25 June 2025, Idorsia Ltd published its public repurchase offer to exchange its CHF 200 million senior unsecured convertible bonds due 2025 and its CHF 600 million senior unsecured convertible bonds due 2028. The Bonds will be exchanged for an offer consideration consisting of (i) a series of newly issued „Pay-If-You-Can“ notes with waterfall…
Reference: CapLaw-2025-45