Quotient Limited’s $95 Million Convertible Senior Notes

Carey Olsen, working alongside onshore counsel Clifford Chance, advised Quotient Limitedon the issuance. Quotient Limited (NASDAQ: QTNT), a commercial-stage diagnostics company, has agreed to sell $95.0 million aggregate principal amount of its new 4.75% Convertible Senior Notes due 2026 in a private offering to institutional investors, including funds managed by Highbridge Capital Management, LLC. 

Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes.

Quotient is a commercial-stage diagnostics company committed to delivering solutions that reshape the way diagnostics is practiced. 

Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992.

The Carey Olsen team advising Quotient was led by partner Kate Andrews (Picture) and included senior associates Rebecca McQuillan and Ashley Morrison and associate Lauren Gray.
Involved fees earner: Kate Andrews – Carey Olsen; Lauren Gray – Carey Olsen; Rebecca McQuillan – Carey Olsen; Ashley Morrison – Carey Olsen; Law Firms: Carey Olsen; Clients: Quotient Limited;

Author: Giulia Di Palma