{"id":353239,"date":"2025-02-25T17:50:00","date_gmt":"2025-02-25T17:50:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/bondholders-approve-amended-terms-of-the-2025-convertible-bonds\/"},"modified":"2025-02-25T17:50:00","modified_gmt":"2025-02-25T17:50:00","slug":"bondholders-approve-amended-terms-of-the-2025-convertible-bonds","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/bondholders-approve-amended-terms-of-the-2025-convertible-bonds\/","title":{"rendered":"Bondholders approve amended terms of the 2025 convertible bonds"},"content":{"rendered":"<p><\/p>\n<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p><strong>Ad hoc announcement pursuant to Art. 53 LR<\/strong><\/p>\n<ul type=\"disc\">\n<li>The proposed amendments to the terms of the 2025 convertible bond have been approved by the bondholders and will become binding and effective upon approval by the higher cantonal composition authority.<\/li>\n<\/ul>\n<p><strong>Allschwil, Switzerland \u2013 February 25, 2025<\/strong><br \/>Idorsia Ltd. (SIX: IDIA) today announced the positive outcome of a bondholders\u2019 meeting held at 17:30 CET on February 25, 2025. The bondholders\u2019 meeting for holders of Idorsia\u2019s outstanding 2025 convertible bonds (ISIN: CH0426820350) (the Bonds) was held to vote on the extension of the maturity of the Bonds until September 17, 2025. 79.0% of the total outstanding bondholders voted in favor of the amendments proposed by Idorsia \u2013 significantly exceeding the required two thirds majority threshold.<\/p>\n<p>Approving an extension of the maturity of the Bonds was the first step in a larger holistic restructuring to provide the time required for its implementation.<\/p>\n<p>The amendments to the Bond terms will become binding and effective upon approval by the higher cantonal composition authority (<em>obere kantonale Nachlassbeh\u00f6rde<\/em>).<\/p>\n<p><strong>Notes to the editor<\/strong><\/p>\n<p><strong>About Idorsia<\/strong><br \/>Idorsia Ltd is reaching out for more \u2013 we have more passion for science, we see more opportunities, and we want to help more patients.<\/p>\n<p>The purpose of Idorsia is to challenge accepted medical paradigms, answering the questions that matter most. To achieve this, we will discover, develop, and commercialize transformative medicines \u2013 either with in-house capabilities or together with partners \u2013 and evolve Idorsia into a leading biopharmaceutical company, with a strong scientific core.<\/p>\n<p>Headquartered near Basel, Switzerland \u2013 a European biotech hub \u2013 Idorsia has a highly experienced team of dedicated professionals, covering all disciplines from bench to bedside; QUVIVIQ\u2122 (daridorexant), a different kind of insomnia treatment with the potential to revolutionize this mounting public health concern; strong partners to maximize the value of our portfolio; a promising in-house development pipeline; and a specialized drug discovery engine focused on small-molecule drugs that can change the treatment paradigm for many patients. Idorsia is listed on the SIX Swiss Exchange (ticker symbol: IDIA).<\/p>\n<p><strong>For further information, please contact<\/strong><br \/>Investor &amp; Media Relations<br \/>Idorsia Pharmaceuticals Ltd, Hegenheimermattweg 91, CH-4123 Allschwil<br \/>+41 58 844 10 10<br \/>investor.relations@idorsia.com \u2013 media.relations@idorsia.com \u2013 <a href=\"http:\/\/www.idorsia.com\" rel=\"nofollow\" target=\"_blank\" title=\"www.idorsia.com\">www.idorsia.com<\/a><\/p>\n<p>The above information contains certain &#8220;forward-looking statements&#8221;, relating to the company&#8217;s business, which can be identified by the use of forward-looking terminology such as &#8220;estimates&#8221;, &#8220;believes&#8221;, &#8220;expects&#8221;, &#8220;may&#8221;, &#8220;are expected to&#8221;, &#8220;will&#8221;, &#8220;will continue&#8221;, &#8220;should&#8221;, &#8220;would be&#8221;, &#8220;seeks&#8221;, &#8220;pending&#8221; or &#8220;anticipates&#8221; or similar expressions, or by discussions of strategy, plans or intentions. Such statements include descriptions of the company&#8217;s investment and research and development programs and anticipated expenditures in connection therewith, descriptions of new products expected to be introduced by the company and anticipated customer demand for such products and products in the company&#8217;s existing portfolio. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/MzNhMWViYTgtOWM0Zi00OGMyLTg0YTEtNjg5ODA1YzU3YWY4LTEwOTc0MjE=\/tiny\/Idorsia-Pharmaceuticals-Ltd.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ad hoc announcement pursuant to Art. 53 LR The proposed amendments to the terms of the 2025 convertible bond have been approved by the bondholders and will become binding and effective upon approval by the higher cantonal composition authority. Allschwil, Switzerland \u2013 February 25, 2025Idorsia Ltd. (SIX: IDIA) today announced the positive outcome of a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":353240,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/bb724119-468d-4b1d-8206-3c2175d07f2b","fifu_image_alt":"","footnotes":""},"categories":[57166],"tags":[],"class_list":["post-353239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"_links":{"self":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/353239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=353239"}],"version-history":[{"count":0,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/353239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/353240"}],"wp:attachment":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=353239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=353239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=353239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}