Omeros (NASDAQ: OMER) retires $30.5M of 9.50% 2029 convertible notes
Rhea-AI Filing Summary
Omeros Corporation reports that on July 20, 2026 it completed the repurchase of approximately $14.5 million aggregate principal amount of its 9.50% Convertible Senior Notes due 2029 under previously disclosed privately negotiated agreements. The total purchase price, inclusive of accrued and unpaid interest and all other obligations, was approximately $29.0 million. Omeros had previously repurchased $16.0 million principal amount of the same Notes from the same holders. In total, the company has now repurchased and retired $30.5 million aggregate principal amount of these Notes, with approximately $40.3 million principal amount remaining outstanding.
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Filing Explained
The July 20 Form 8-K reports that the repurchase was completed: Omeros paid approximately
Sources and calculations
- Omeros Corporation Form 8-K (2026-07-20)
- Omeros Corporation first-quarter 2026 fundamentals (2026-03-31)
- Form 8-K purpose (current)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $1,906,000 / ($14,506,000 / 90) = [object Object]
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Coupon Rate: 9.50%
Latest Principal Repurchased: $14.5 million
Latest Purchase Price: $29.0 million
+3 more
6 metrics
Coupon Rate
9.50%
Interest rate on Convertible Senior Notes due 2029
Latest Principal Repurchased
$14.5 million
Aggregate principal amount of Notes repurchased on July 20, 2026
Latest Purchase Price
$29.0 million
Total purchase price including accrued and unpaid interest and all other obligations
Previously Repurchased Principal
$16.0 million
Principal amount of Notes repurchased in earlier privately negotiated agreements
Total Principal Retired
$30.5 million
Total aggregate principal amount of Notes repurchased and retired to date
Principal Remaining Outstanding
$40.3 million
Principal amount of Notes remaining outstanding after repurchases
Key Terms
9.50% Convertible Senior Notes due 2029, privately negotiated agreements, aggregate principal amount, accrued and unpaid interest
4 terms
9.50% Convertible Senior Notes due 2029 financial
"holders of its 9.50% Convertible Senior Notes due 2029 (the “Notes”)"
privately negotiated agreements financial
"entered into privately negotiated agreements with certain holders of its 9.50%"
Privately negotiated agreements are contracts made directly between specific parties rather than through a public market or auction, covering things like sales of shares, assets, or loans. They matter to investors because these deals can change who controls a company or its cash flow quickly but usually offer less price transparency, fewer public disclosures and lower immediate liquidity—like buying an item from a neighbor instead of from a store, you negotiate terms privately and may get a different price and fewer protections.
aggregate principal amount financial
"completed the repurchase of approximately $14.5 million aggregate principal amount of Notes"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
accrued and unpaid interest financial
"total purchase price, inclusive of accrued and unpaid interest and all other obligations"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What debt did Omeros (OMER) repurchase on July 20, 2026?
Omeros repurchased approximately $14.5 million aggregate principal amount of its 9.50% Convertible Senior Notes due 2029 on July 20, 2026, under previously disclosed privately negotiated agreements with certain noteholders.
How much of Omeros (OMER) 9.50% Convertible Senior Notes due 2029 has been retired?
Omeros has repurchased and retired a total of $30.5 million aggregate principal amount of its 9.50% Convertible Senior Notes due 2029, combining the latest transaction with earlier privately negotiated repurchases.
What purchase price did Omeros (OMER) pay in the latest note repurchase?
For the July 20, 2026 transaction, Omeros paid a total purchase price of approximately $29.0 million, which included accrued and unpaid interest and all other obligations related to the $14.5 million principal repurchased.
How much of Omeros (OMER) convertible notes remains outstanding after the repurchases?
After completing the described repurchases, approximately $40.3 million principal amount of Omeros’ 9.50% Convertible Senior Notes due 2029 remains outstanding, with the remainder having been repurchased and retired.
What are the key terms of the Omeros (OMER) notes involved in these transactions?
The securities involved are Omeros’ 9.50% Convertible Senior Notes due 2029. They bear interest at 9.50% and are senior convertible obligations of the company with a stated maturity in 2029.