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Published on 9/14/2016 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Amarin, Corsicanto mandatorily exchange 3.5% exchangeables due 2032

By Tali Rackner

Norfolk, Va., Sept. 14 – Amarin Corp. plc completed the mandatory exchange of its $31,266,000 of 3.5% exchangeable senior notes due 2032, and its wholly owned subsidiary Corsicanto Ltd. completed the mandatory exchange of its $118,734,000 of 3.5% exchangeable senior notes due 2032 on Sept. 12, according to an 8-K filing with the Securities and Exchange Commission.

The transactions settled on Sept. 14.

The final adjusted exchange rate was 402.0746 shares per $1,000 principal amount of notes. As a result, 12,571,263 shares were issued in exchange for the Amarin notes and 47,739,925 shares were issued in exchange for the Corsicanto notes.

Amarin is a Dublin-based biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health.


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