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BRIEF-Mannkind's unit entered exchange agreement
April 19, 2017 / 10:56 AM / 8 months ago

BRIEF-Mannkind's unit entered exchange agreement

April 19 (Reuters) - Mannkind Corp

* Mannkind - on April 18 co, unit entered exchange agreement with Deerfield Private Design Fund II, and Deerfield Private Design International II

* Mannkind - under agreement co agreed to, among other things, repay $4 million principal amount under 8.75% senior convertible notes due 2019 held by Deerfield

* Mannkind - under agreement co also agreed to exchange $1 million principal amount under tranche B notes for 869,565 shares of company’s common stock

* Mannkind - under deal co also agreed to exchange $5 million principal amount under amended, restated 9.75% senior convertible notes due 2019 held by Deerfield

* Mannkind - under exchange agreement exchange price for exchange shares is $1.15 per share Source text for Eikon: (bit.ly/2pAK9Nc) Further company coverage:

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