Mithra trims conversion price for convertible bonds due 2025

By Wendy Van Sickle

Columbus, Ohio, July 17 – Mithra Pharmaceuticals SA adjusted the conversion price on its €125 million senior convertible bonds due 2025 (ISIN: BE6325746855), according to a Monday press release.

The conversion price was decreased to €23.8262 from €24.1256, effective as of June 21.

The adjustment is a result of the company drawing a new tranche under its senior secured convertible facilities agreement and conversion agreement dated Aug. 8, 2022. The drawdown was announced on June 21

Mithra is a Liege, Belgium-based biopharmaceutical company focused on women’s health.

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