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Ocugen Closes Offering of Senior Notes Due 2034

BY MT Newswires | CORPORATE | 05:18 PM EDT

05:18 PM EDT, 05/14/2026 (MT Newswires) -- Ocugen (OCGN) said late Thursday it closed a private offering of $130 million of 6.75% convertible senior notes due 2034.

The offering comprised $15 million of notes issued upon the full exercise of an overallotment option by the initial buyer, according to a statement.

The company used $32.7 million of the $112.6 million net proceeds to repay an outstanding balance under a loan and security agreement, while the remaining funds will be used for general corporate purposes, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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