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Medartis refuses to announce its convertible the day before

Medartis refuses to announce its convertible the day before

Zurich (awp) – Designer of orthopedic implants and surgical devices Medartis announced on Friday that it was abandoning a convertible loan placement of 125 to 150 million Swiss francs, less than 24 hours after the launch was announced. In a press release, the Basel firm indicated that the order book constitution had not achieved the expected results.

However, the company listed on the Swiss Stock Exchange reserves the right to revisit the market should conditions improve, without further details.

On Thursday evening, Medartis announced the launch of a senior, convertible loan into Medartis registered from conditional capital, an operation intended to enhance the company’s financial flexibility following the acquisition of American Nextremity Solutions.

buc / jh

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