SkinHealth Systems Inc.: repays $103,235,000 of convertible notes

What happened The filing says the remaining outstanding aggregate principal amount of the 1.25% Convertible Senior Notes due 2026 was repaid in full by the Company on Sep 30, 2026, together with accrued and unpaid interest of $645,218.75. The filing says that, in conjunction with the full and final repayment, the Indenture dated Sep 14, 2021, by and among the Company and U.S. Bank National Association, as trustee, was satisfied and discharged and the Trustee acknowledged such satisfaction and discharge.

Key details

• Remaining principal repaid: $103,235,000.
• Accrued and unpaid interest repaid: $645,218.75.
• Repayment date: Sep 30, 2026; Notes were issued Sep 14, 2021 and were set to mature Oct 1, 2026.
• The Indenture was satisfied and discharged and the Trustee acknowledged such satisfaction and discharge.

Why it may matter The filing reports Item 1.02 (termination of a material definitive agreement), which covers the satisfaction and discharge of the Indenture governing the Notes, and Item 7.01 (Regulation FD disclosure), which reports the retirement of the Notes and the amounts repaid. A filing does not show why the insider traded or why the company acted.