2.25% Convertible Senior Notes due 2027
Note · Natera, Inc.
Reference: 2.25% Convertible Senior Notes due 2027
- Original principal
- USD 287,500,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- May 1, 2027
Last reported interest terms: 2.25% Reported 2020-04-16 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
- Issuance · 8-K · 2020-04-16 — FORM 8-K
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Issuance
· 2020-04-13
Original principal USD 287,500,000 Exact source document
Parent 8-K filing · 2020-04-16
On April 13, 2020, the Company entered into a Purchase Agreement with Morgan Stanley & Co. LLC ("Morgan Stanley"), J.P. Morgan Securities LLC ("J.P. Morgan") and Cowen and Company, LLC ("Cowen"), as representatives (the "Representatives") of the purchasers named therein (collectively, the "Initial Purchasers"), relating to the Company's sale of $287.5 million aggregate principal amount of its 2.25% Convertible Senior Notes due 2027 (the "Notes") to the Initial Purchasers in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and for initial resale by the Initial Purchasers to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act.
Issuer evidence: The net proceeds from the offering of the Notes (as defined below), given the initial purchasers' full exercise of their option to purchase additional Notes, were approximately $278.4 million after deducting the initial purchasers' discount and estimated offering expenses payable by Natera, Inc. (the "Company").
Supporting evidence: The Notes were issued pursuant to an Indenture, dated as of April 13, 2020 (the "Indenture"), between the Company and Wilmington Trust, National Association, as trustee. The Notes are senior, unsecured obligations of the Company, and interest is payable semiannually in cash at a rate of 2.25% per annum on each May 1 and November 1, beginning on November 1, 2020. The Notes mature on May 1, 2027 unless redeemed, repurchased or converted in accordance with their terms prior to such date.
Supporting evidence: On April 13, 2020, the Company entered into a Purchase Agreement with Morgan Stanley & Co. LLC ("Morgan Stanley"), J.P. Morgan Securities LLC ("J.P. Morgan") and Cowen and Company, LLC ("Cowen"), as representatives (the "Representatives") of the purchasers named therein (collectively, the "Initial Purchasers"), relating to the Company's sale of $287.5 million aggregate principal amount of its 2.25% Convertible Senior Notes due 2027 (the "Notes") to the Initial Purchasers in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and for initial resale by the Initial Purchasers to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act.
Supporting evidence: On April 13, 2020, the Company entered into a Purchase Agreement with Morgan Stanley & Co. LLC ("Morgan Stanley"), J.P. Morgan Securities LLC ("J.P. Morgan") and Cowen and Company, LLC ("Cowen"), as representatives (the "Representatives") of the purchasers named therein (collectively, the "Initial Purchasers"), relating to the Company's sale of $287.5 million aggregate principal amount of its 2.25% Convertible Senior Notes due 2027 (the "Notes") to the Initial Purchasers in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and for initial resale by the Initial Purchasers to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act.