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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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