---
title: "Assertio Amends 2027 Convertible Notes After Merger; Holders Get Cash-Only Conversion, Put Right"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289965882.md"
description: "Assertio amended its 6.50% Convertible Senior Notes due 2027 via a First Supplemental Indenture following its merger. The amendment shifts conversion to cash-only at approximately $382.58 per unit and triggers a Fundamental Change, granting noteholders the right to require repurchase at 100% of principal plus accrued special interest. Approximately $40 million in notes remain outstanding."
datetime: "2026-06-16T20:53:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289965882.md)
  - [en](https://longbridge.com/en/news/289965882.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289965882.md)
generator: "portal-rs"
---

# Assertio Amends 2027 Convertible Notes After Merger; Holders Get Cash-Only Conversion, Put Right

Assertio entered into a First Supplemental Indenture on June 16, 2026 with U.S. Bank Trust Company as trustee, amending its 6.50% Convertible Senior Notes due 2027 following the completion of its merger. The amendment changes the conversion consideration to cash-only, with each unit of reference property consisting of approximately $382.58 in cash, applied based on the prevailing conversion rate. The merger constitutes a Fundamental Change and a Make-Whole Fundamental Change, giving noteholders the right to require repurchase at 100% of principal plus accrued special interest. As of the signing, $40 million aggregate principal amount of notes were outstanding.

**Agreement details:**

-   **Agreement type**: First Supplemental Indenture for 6.50% Convertible Senior Notes due 2027
-   **Counterparty**: U.S. Bank Trust Company
-   **Signed / Effective**: Jun 16 2026 / Jun 16 2026
-   **Duration / Termination**: Until 2027 note maturity
-   **Reason**: Align note terms with post-merger consideration and holder rights

Original SEC Filing: Assertio Holdings, Inc. \[ ASRT \] - 8-K - Jun. 16, 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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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**