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Novavax Announces Convertible Debt Refinancing
Prnewswireยท 2025-08-21 11:43
GAITHERSBURG, Md., Aug. 21, 2025 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX) today announced that it has entered into privately negotiated agreements with certain of the holders of its existing 5.00% Convertible Senior Notes due 2027 (the "2027 Notes") and new investors, pursuant to which the Company will issue $225 million aggregate principal amount of its 4.625% Convertible Senior Notes due 2031 (the "2031 Notes") consisting of (i) approximately $175.3 million principal amount of 2031 Notes issued in exc ...