Veradigm Strikes Deal to Amend Convertible Notes Terms

Veradigm (MDRX) has released an update to notify the public and investors about an entry into a material definitive agreement.

Veradigm Inc. has successfully negotiated with the majority of its note holders to waive defaults related to delayed financial reporting and to agree to amendments regarding its 0.875% Convertible Senior Notes due in 2027. These amendments include the introduction of biannual repurchase rights for holders, adjustments to the conversion rate table, and an accreting purchase value in case of fundamental changes. The company also secured agreements with major banks to waive potential termination events and modify terms under the capped call transactions, ensuring stability and confidence in its financial instruments.

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For a comprehensive understanding of the announcement, you can read the full document here.