Ocugen Announces Private Offering of $115 Million of Convertible Senior Notes

Ocugen announced its intention to offer $115 million in aggregate principal amount of Convertible Senior Notes due 2034 in a private offering, with a 13-day option to purchase an additional $15 million. The company plans to use approximately $32.7 million of the net proceeds to fully repay the outstanding principal, accrued interest, and fees on a loan with affiliates of Avenue Capital Group.

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