Lenz & Staehelin advises ObsEva in convertible debt financing
On 13 October 2021, ObsEva announced that it had entered into a convertible note financing agreement with certain funds and accounts managed by JGB Management, Inc. which is structured to provide up to $135 million in borrowing capacity, available in nine tranches. In connection with each tranche, ObsEva will also issue warrants to purchase its common shares.
Lenz & Staehelin advised ObsEva in this transaction. The team was led by Jacques Iffland (Corporate and Capital Markets) and included Ariel Ben Hattar (Corporate and Capital Markets) and Clément Bouvier (Corporate and Financing).