Esperion Therapeutics entered into a Contingent Value Rights (CVR) agreement in connection with its merger, giving holders the right to receive up to $100 million in aggregate cash payments if certain milestones are achieved. It also amended its convertible notes so that each $1,000 principal amount converts into $1,032.68 cash plus 326.7974 CVRs, or after a make-whole fundamental change, $1,232.62 cash plus 390.0701 CVRs. Additionally, Esperion entered into a loan agreement with MergerCo, Parent, and lenders including BioPharma Credit PLC.
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