Xeris Biopharma exchanges $23 million in convertible notes for cash and stock
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Xeris Biopharma Announces Private Exchange of Convertible Notes
June 11, 2026 7:00 AM EDT
Eliminates approximately $23 million of debt, resulting in approximately $2 million in annual interest savings
Principal to be paid in cash, remainder in common stock
CHICAGO--(BUSINESS WIRE)-- Xeris Biopharma Holdings, Inc. (Nasdaq: XERS), a fast-growing biopharmaceutical company committed to improving patient lives by developing and commercializing innovative products across a range of therapies, today announced that it has entered into separate, privately negotiated exchange agreements with certain holders of its 8.00% Convertible Senior Notes due 2028 (the Notes). Pursuant to the exchange agreements, Xeris has agreed, subject to customary closing conditions, to... More
