{"id":814057,"date":"2022-08-16T07:10:20","date_gmt":"2022-08-16T05:10:20","guid":{"rendered":"https:\/\/15.161.165.86\/non-categorizzato\/adc-therapeutics-announces-175-million-senior-secured-term-loan-from-owl-rock-and-oaktree-and-settlement-of-existing-senior-secured-convertible-notes\/"},"modified":"2022-08-16T07:10:20","modified_gmt":"2022-08-16T05:10:20","slug":"adc-therapeutics-announces-175-million-senior-secured-term-loan-from-owl-rock-and-oaktree-and-settlement-of-existing-senior-secured-convertible-notes","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-europe\/adc-therapeutics-announces-175-million-senior-secured-term-loan-from-owl-rock-and-oaktree-and-settlement-of-existing-senior-secured-convertible-notes\/","title":{"rendered":"ADC Therapeutics Announces $175 million Senior Secured Term Loan from Owl Rock and Oaktree and Settlement of Existing Senior Secured Convertible Notes"},"content":{"rendered":"Upfront $120 million tranche used to finance the full settlement of existing convertible notes held by Deerfield Management Company\n\n\nDeerfield Management Company to take equity as part of the settlement of existing convertible notes\n\n\nOwl Rock to make $6.25 million equity investment\n\n\nSeven-year term loan matures in 2029 and Company maintains cash runway into early 2025\n\nLAUSANNE, Switzerland--(BUSINESS WIRE)--ADC Therapeutics SA (NYSE: ADCT) today announced that it has completed a series of strategic transactions in which it:\n\n\nEntered into a new $175 million senior secured term loan with certain funds of Owl Rock, a division of Blue Owl Capital, Inc. (\u201cOwl Rock\u201d), and funds managed by Oaktree Capital Management, L.P. (\u201cOaktree\u201d) <div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Upfront $120 million tranche used to finance the full settlement of existing convertible notes held by Deerfield Management Company Deerfield Management Company to take equity as part of the settlement of existing convertible notes Owl Rock to make $6.25 million equity investment Seven-year term loan matures in 2029 and Company maintains cash runway into early [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49624],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-814057","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-europe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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