Karolinska resolves convertible loan in full with final repayment

By Marisa Wong

Los Angeles, Jan. 9 – Karolinska Development AB announced it made the final repayments on its convertible loan issued in January 2015.

The SEK 387 million convertible loan was due for payment on Dec. 31.

During 2019 the company carried out a directed share issue to the holders of the convertible loan, where the loan was set off against shares.

At the end of the subscription period, SEK 19.7 million of the convertible loan was outstanding, including accrued interest until Dec. 31. This amount has now been repaid to the holders of the convertible loan.

“An intensive work on solving the convertible loan has now come to an end,” chief executive officer Viktor Drvota commented in a press release.

Karolinska Development is a Nordic life sciences investment company.

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