MannKind Corporation (NASDAQ:MNKD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
On June 18, 2019, MannKind Corporation (the Company) and MannKind LLC, the Companys wholly owned subsidiary, entered into a Eleventh Amendment to Facility Agreement (the Deerfield Amendment) with Deerfield Private Design Fund II, L.P. and Deerfield Private Design International II, L.P. (Deerfield), to which the parties amended the Companys Facility Agreement, dated July 1, 2013, as amended (the Facility Agreement), to defer the payment of $5.0 million in principal amount of the 9.75% senior secured convertible notes (the July Payment) issued in tranche 1 under the Facility Agreement from July 1, 2019 to August 31, 2019, conditioned upon, among other things, the Company, by no later than June 30, 2019, depositing an amount of cash equal to the July Payment into an escrow account until the July Payment has been satisfied in full (which amount will be subject to release to Deerfield on August 31, 2019 to satisfy the July Payment to the extent it remains unsatisfied as of August 31, 2019).
The foregoing description of the Deerfield Amendment does not purport to be complete and is qualified in its entirety by reference to the Deerfield Amendment, a copy of which is attached as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Eleventh Amendment to Facility Agreement, dated June 18, 2019 |