JWCA advises Omeros on $30.5 million of convertible note repurchases

July 2026 | read press release

Transaction Background

In July 2026, JWCA advised Omeros (the “Company”) on two privately negotiated cash repurchases of an aggregate $30.5 million of its outstanding Convertible Senior Notes due 2029

Omeros' objectives included:

• Reduce leverage and potential dilution: opportunistically repurchase and retire a portion of the notes while decreasing future cash interest expense

• Minimize transaction costs: execute the repurchases efficiently and with minimal friction

JWCA acted as Repurchase Agent and:

• Advised on noteholder targeting and strategy

• Led noteholder outreach, negotiations, and transaction execution

• Analyzed convertible economics and pricing dynamics

Results

Omeros completed two successful cash repurchases of its 9.50% Convertible Senior Notes due 2029:

• Repurchased and retired $30.5 million aggregate principal amount, inclusive of accrued and unpaid interest and other obligations

• Reduced the outstanding principal amount by 43.1%, from $70.8 million to $40.3 million

• Eliminated 4.9 million shares underlying the repurchased notes at an average price of $10.47/share and $8.5 million of scheduled cash interest payments through maturity