01—Abstract
Summary
Summary of the 8-K filed June 6, 2025. Cited figures are marked; the original filing is the authoritative source.
Insmed Incorporated (INSM) reported in this Form 8-K, filed under Item 8.01 (Other Events), that on June 6, 2025 (the "Redemption Date") it completed its previously announced redemption of all outstanding 0.75%a Convertible Senior Notes due 2028 (the "Notes").
Notes with an aggregate principal amount of $1,965,204.69b that had not already been converted by holders were redeemed for cash at 100% of principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date. The redemption was carried out under the Indenture dated January 26, 2018, as supplemented by the Second Supplemental Indenture dated May 13, 2021, between the Company and Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association.
The filing is a notice of completed debt retirement. It does not report operating results, guidance, or other financial performance metrics.
02—Key points
Key Highlights
- Insmed completed the redemption of all outstanding 0.75% Convertible Senior Notes due 2028 on June 6, 2025.
- Unconverted Notes with an aggregate principal amount of $1,965,204.69 were redeemed for cash.
- The redemption price was 100% of principal amount, plus accrued and unpaid interest to, but excluding, the Redemption Date.
- The redemption was made under the January 26, 2018 Indenture, as supplemented by the May 13, 2021 Second Supplemental Indenture.
- Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, is the trustee under the indenture.
- The filing states that the redemption was previously announced, but it does not describe the announcement or the reasons for the redemption.
03—Questions
Frequently Asked Questions
What did Insmed do with its 0.75% Convertible Senior Notes due 2028?
Insmed completed the redemption of all outstanding Notes on June 6, 2025. Notes that had not already been converted by holders were redeemed for cash.
How much principal was redeemed?
The filing states an aggregate principal amount of $1,965,204.69 of Notes that had not already been converted by holders were redeemed.
What price did holders receive in the redemption?
Holders received cash equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, June 6, 2025.
Under what governing documents was the redemption completed?
The redemption was effected under the Indenture dated January 26, 2018, as supplemented by the Second Supplemental Indenture dated May 13, 2021, between Insmed and Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association.
04—Continue