---
title: "Celcuity Raises $575 Million in 0.25% Convertible Notes Due 2032; Net Proceeds $557 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289098423.md"
description: "Celcuity raised $575 million via 0.25% convertible senior notes due 2032, netting $557 million. Proceeds were used to retire a $137.5 million term loan facility, reducing financing costs. The notes are convertible at ~$124.53 per share. Management expects the refinancing to support clinical and commercial initiatives."
datetime: "2026-06-08T20:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289098423.md)
  - [en](https://longbridge.com/en/news/289098423.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289098423.md)
---

# Celcuity Raises $575 Million in 0.25% Convertible Notes Due 2032; Net Proceeds $557 Million

Celcuity completed a $575 million offering of 0.250% Convertible Senior Notes due 2032, producing approximately $557 million in net proceeds. The notes, convertible at an initial price of about $124.53 per share, were issued under an underwriting agreement with leading banks and governed by a supplemental indenture executed June 8, 2026. Concurrently, Celcuity retired its existing term loan facility by paying roughly $137.5 million, eliminating related obligations. Management expects the refinancing to lower financing costs and support clinical, commercial, and general corporate initiatives.

**New agreement details:**

-   **Agreement type**: Underwriting agreement for 0.250% convertible senior notes due 2032
-   **Counterparty**: Jefferies; J.P. Morgan Securities; TD Securities (USA); Guggenheim Securities, as representatives of the underwriters
-   **Signed / Effective**: Jun 03 2026 / Jun 08 2026
-   **Duration / Termination**: Through Aug 01 2032
-   **Reason**: Refinance debt and fund growth initiatives

**Terminated agreement details:**

-   **Agreement terminated**: Amended and Restated Loan and Security Agreement (term loans)
-   **Counterparty**: Oxford Finance; Innovatus Life Sciences Lending Fund I and other lenders
-   **Original agreement date**: May 30 2024
-   **Termination date**: Jun 08 2026
-   **Termination type**: Early
-   **Reason**: Refinanced with convertible notes and reduce interest burden

Original SEC Filing: Celcuity Inc. \[ CELC \] - 8-K - Jun. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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