ALPHAEON Repays Principal Amount of its Secured Convertible Note Obligation Ahead of Maturity Date

ALPHAEON Corporation

Represented ALPHAEON Corporation in connection with the repayment of the principal amount of its secured convertible note obligations, totaling approximately $56 million, ahead of its December 23, 2018 maturity date. ALPHAEON was able to achieve this through sales of a portion of its holdings of common stock of Evolus, Inc. (NASDAQ: EOLS) on July 23, 2018 and September 11, 2018, and the November repayment of approximately $8 million in principal amount of secured convertible promissory notes using a portion of its Evolus, Inc. shares in addition to $2 million in cash to settle the remaining balance. Read the press release.

ALPHAEON is a social commerce company with the goal of transforming self-pay healthcare by leveraging the power of its professional network of physician specialists to drive lifestyle healthcare advancements, and improve patient experiences and outcomes in the wellness, beauty and performance sectors.

The Newport Beach-based team representing ALPHAEON included Marc Alcser and Jason Lee.