UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No. 1 to
FORM T-3
FOR APPLICATIONS FOR QUALIFICATION OF INDENTURES
UNDER THE TRUST INDENTURE ACT OF 1939
Aegerion Pharmaceuticals, Inc.
and the Guarantors named herein
(Name of Applicant)
c/o Norton Rose Fulbright
1800 - 510 West Georgia Street, Vancouver, BC V6B 0M3 Canada
(Address of principal executive offices)
Securities to be Issued under the Indenture to be Qualified
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Convertible Senior Notes due 2025
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$125 million aggregate principal amount
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Approximate date of proposed public offering: As soon as practicable after the Effective Date under the Plan of Reorganization.
Name and address for agent of service: Barbara Chan, President and Director, c/o Norton Rose Fulbright, 1800 - 510 West Georgia Street, Vancouver, BC V6B 0M3 Canada.
Russell Leaf, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000
The Applicant hereby amends this application for qualification on such date or dates as may be necessary to delay its effectiveness until (i) the 20th day after the filing of an amendment which specifically states that
it shall supersede this application for Qualification, or (ii) such date as the Securities and Exchange Commission, acting pursuant to Section 307(c) of the Trust Indenture Act of 1939, may determine upon the written request of the Applicant.
EXPLANATORY NOTE
This Amendment No. 1 to Form T-3 is being filed on behalf of Aegerion Pharmaceuticals, Inc. and the entities expected to be guarantors of the Convertible Senior Notes due 2025.
This Amendment is being filed solely to add the guarantors listed herein as Applicants to the initial application for qualification filed with the Securities and Exchange Commission on July 18, 2019 (the “Application”), update and replace in its
entirety the information contained in Items 1, 2, 4, 5 and 7 of the Application and to file the Exhibits included in the Index to the Exhibits. All other information in the Application is unchanged and has been omitted from this Amendment.
GENERAL
1. General Information.
Applicant
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Form of Organization
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Jurisdiction of Organization
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Aegerion Pharmaceuticals, Inc. (the “
Company”)
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Corporation
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Delaware
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Aegerion Pharmaceuticals Holdings, Inc.
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Corporation
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Delaware
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Aegerion Securities Corporation
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Corporation
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Massachusetts
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Aegerion Pharmaceuticals Ltd.
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Limited Company
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Bermuda
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Aegerion Pharmaceuticals Limited
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Limited Company
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England/Wales
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Aegerion International Ltd.
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Limited Company
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Bermuda
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Aegerion Pharmaceuticals SARL
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Limited Liability Company
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Switzerland
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Aegerion Pharmaceuticals K.K.
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Stock Corporation
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Japan
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Aegerion Pharmaceuticals, SAS
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Limited Liability Company
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France
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Aegerion Pharmaceuticals (Canada) Ltd.
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Limited Company
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Canada
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Aegerion Pharmaceuticals Spain, S.L.
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Limited Liability Company
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Spain
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Aegerion Pharmaceuticals GmbH
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Limited Liability Company
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Germany
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Aegerion Brasil Comercio e Importacao de Medicamentos LTDA
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Limited Liability Company
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Brazil
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Aegerion Pharmaceuticals S.r.l.
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Limited Liability Company
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Italy
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(the above named entities are the “Aegerion Entities”)
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Amryt Pharma Holdings Limited (the “Parent”)
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Limited Company
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England/Wales
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Amryt Pharma Limited
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Limited Company
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England/Wales
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Amryt Pharmaceuticals DAC
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Designated Activity Company
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Ireland
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Amryt Research Limited
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Limited Company
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Ireland
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Amryt Genetics Limited
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Limited Company
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Ireland
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Amryt Lipidology Limited
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Limited Company
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Ireland
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Amryt AG (previously Birken AG)
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Public Limited Company
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Germany, Mannheim
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The foregoing entities are referred to herein collectively as the “Applicants.” The Applicants, other than the Aegerion Entities, are referred to herein collectively as the “Amryt Entities.” The Applicants other than the Company, and any other
entities that will act as a guarantor under the Indenture (as defined below) are referred to herein collectively as the “Guarantors.” The Company and Aegerion Pharmaceuticals Holdings, Inc. are referred to herein as the “Debtors.”
AFFILIATES
3. Affiliates.
Prior to the Effective Date, Novelion Therapeutics Inc. (“Novelion”) may be considered an affiliate of the Applicants in its capacity as the parent of the Company. In addition, Software Stiftung AG may be considered an affiliate of the Company
since it holds 22.3% of the ordinary shares of Amryt Pharma PLC. The Applicants expect such persons to cease to be affiliates of the Applicants on such basis described in this paragraph following the Effective Date.
As of the Effective Date, the Parent is expected to indirectly own 100% of the voting securities of the Company. In addition, the Parent and the Company are expected to directly or indirectly own each Guarantor.
Certain directors and officers of the Applicants may be deemed to be affiliates thereof by virtue of their positions with the Applicants. See Item 4, “Directors and Executive Officers.” In addition, certain persons may be deemed to be affiliates
of the Applicants by virtue of their current or anticipated holdings of voting securities of the Applicants. See Item 5, “Principal Owners of Voting Securities.”
MANAGEMENT AND CONTROL
4. Directors and Executive Officers.
The following table lists the names and offices held by all current directors and executive officers of each Applicant. Except as noted below, each director and officer is expected to remain a director or officer after the Effective Date. The
address for each director and executive officer for the Aegerion Entities is c/o Aegerion Pharmaceuticals, Inc., 245 First Street, 18
th
Floor, Cambridge, MA 12142. The
address for each director and executive officer for the Amryt Entities is c/o Amryt Pharma PLC, 90 Harcourt Street, Dublin 2, Ireland. From the Effective Date, the directors and officers of the Parent are expected to serve as directors and officers
for all the Applicants.
As of the date hereof:
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Aegerion Pharmaceuticals, Inc.
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Name
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Position
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Barbara Chan
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President and Director
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Benjamin Harshbarger
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Secretary
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John Castellano
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Treasurer
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Michael Price
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Director
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Colin Adams
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Director
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Matt Cantor
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Director
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Aegerion Pharmaceuticals Holdings, Inc.
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Name
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Position
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Benjamin Harshbarger
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President, Secretary and Director
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John Castellano
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Treasurer
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Aegerion Securities Corporation
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Name
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Position
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Barbara Chan
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President and Director
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Benjamin Harshbarger
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Secretary
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John Castellano
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Treasurer
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Aegerion Pharmaceuticals Ltd.
Aegerion International Ltd.
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Name
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Position
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Conyers Corporate Services (Bermuda) Limited
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Secretary
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Barbara Chan
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Director
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Benjamin Harshbarger
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Director
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Aegerion Pharmaceuticals Limited
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Name
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Position
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Conyers Corporate Services (Bermuda) Limited
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Secretary
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Barbara Chan
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Director
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Benjamin Harshbarger
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Director
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Aegerion Pharmaceuticals SARL
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Name
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Position
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Barbara Chan
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Director
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Benjamin Harshbarger
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Director
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Marc-Olivier Bertholet
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Director
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Aegerion Pharmaceuticals K.K.
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Name
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Position
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Kazuo Serie
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Representative Director
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Benjamin Harshbarger
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Director
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Carolina Alarco
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Director
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Aegerion Pharmaceuticals, SAS
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Name
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Position
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Barbara Chan
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President and Managing Director
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Benjamin Harshbarger
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Managing Director
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Aegerion Pharmaceuticals (Canada) Ltd.
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Name
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Position
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Carolina Alarco
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President and Director
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Cristiane Ferreira
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Secretary and Director
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Aegerion Pharmaceuticals Spain, S.L.
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Name
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Position
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Barbara Chan
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Director
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Benjamin Harshbarger
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Director
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Aegerion Pharmaceuticals GmbH
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Name
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Position
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Benjamin Harshbarger
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Managing Director
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Barbara Chan
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Chairman
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Aegerion Brasil Comercio e Importacao de Medicamentos LTDA
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Name
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Position
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Luiz Azevedo
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Senior Manager
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Aegerion Pharmaceuticals S.r.l.
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Name
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Position
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Barbara Chan
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Managing Director
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Benjamin Harshbarger
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Chairman
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Amryt Pharma Holdings Limited
Amryt Pharma Limited
Amryt Pharmaceuticals DAC
Amryt Research Limited
Amryt Genetics Limited
Amryt Lipidology Limited
Amryt AG (previously Birken AG)
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Name
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Position
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Harry Stratford
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Non-executive Chairman
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Joseph Wiley
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Chief Executive Officer
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Rory Nealon
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Chief Financial Officer and Chief Operating Officer
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James Culverwell
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Non-executive Director
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Ray Stafford
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Non-executive Director
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Markus Zeiner
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Non-executive Director
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As of the Effective Date, for all Applicants:
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Name
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Position
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Joseph Wiley
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Chief Executive Officer
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Ray Stafford
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Non-executive Director
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5. Principal Owners of Voting Securities.
The Company
As of the date of filing, 100% of the issued share capital of and 100% of all voting power in the Company is owned by Novelion. The mailing address of Novelion is 1800-510 West Georgia Street, Vancouver, B.C., Canada V6B 0M3. After the Effective
Date, the Parent is expected to directly or indirectly own 100% of the issued share capital and 100% of all voting power of the Company. The mailing address of the Parent is c/o Amryt Pharma PLC, 90 Harcourt Street, Dublin 2, Ireland.
The Guarantors
As of the date of this filing 100% of the issued equity securities of each of the Guarantors that are subsidiaries of the Company are directly or indirectly owned by the Company.
As of the date of this filing 100% of the issued equity securities of each of the Guarantors that are subsidiaries of Amryt Pharma PLC are owned by Amryt Pharma PLC.
As of the Effective Date, the Parent is expected to directly or indirectly own 100% of the issued equity securities of each Guarantor.
Amryt Pharma PLC
As of the date of this filing, Software Stiftung AG holds 22.3% of the ordinary shares of Amryt Pharma PLC. After the Effective Date, the Parent is expected to own 100% of the ordinary shares of Amryt Pharma PLC directly.
Parent
After the Effective Date, Athyrium Capital Management, LP and Highbridge Capital Management, LLC are each expected to hold more than 10% of the ordinary shares of the Parent.
CAPITAL SECURITIES
7. Capitalization.
(a) The following table sets forth certain information with respect to each authorized class of securities of the Applicants outstanding as of the date of the filing of this application.
Applicant
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Title of Equity Securities
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Amount Authorized
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Amount Outstanding
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Aegerion Pharmaceuticals, Inc.
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Common Stock, par value $0.01 per share
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1,000 shares
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1,000 shares
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Aegerion Pharmaceuticals Holdings, Inc.
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Common Stock, par value $0.01 per share
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100 shares
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100 shares
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Aegerion Securities Corporation
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Common Stock, par value $0.01 per share
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1,000 shares
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100 shares
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Aegerion Pharmaceuticals Ltd.
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Ordinary Shares, par value $1.00 per share
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10,000 shares
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10,000 shares
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Aegerion Pharmaceuticals Limited
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Ordinary Shares, par value £1.00 per share
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3 shares
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3 shares
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Aegerion International Ltd.
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Ordinary Shares, par value $1.00 per share
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1,000 shares
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1,000 shares
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Aegerion Pharmaceuticals SARL
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Ordinary Shares, par value 100 CHF per share
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200 shares
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200 shares
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Aegerion Pharmaceuticals K.K.
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Ordinary Shares, par value 10,000 JPY per share
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1,000 shares
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10 shares
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Aegerion Pharmaceuticals, SAS
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Ordinary Shares, par value €1.00 per share
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30,000 shares
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30,000 shares
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Aegerion Pharmaceuticals (Canada) Ltd.
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Common Shares, no par value
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100 shares
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100 shares
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Aegerion Pharmaceuticals Spain, S.L.
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Ordinary Shares, par value €1.00 per share
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25,000 shares
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25,000 shares
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Aegerion Pharmaceuticals GmbH
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Ordinary Shares, par value €1.00 per share
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25,000 shares
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25,000 shares
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Aegerion Brasil Comercio e Importacao de Medicamentos LTDA
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Ordinary Shares, par value 3 BRL per share
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300 shares
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300 shares
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Aegerion Pharmaceuticals S.r.l.
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Ordinary Shares, par value €1.00 per share
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10,000 shares
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10,000 shares
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Amryt Pharma Holdings Limited
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Ordinary Shares, par value £0.06 per share
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Unlimited
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1 share
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Amryt Pharma Limited
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Ordinary Shares, par value £0.06 per share
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Unlimited
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45,802,881 shares
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Amryt Pharmaceuticals DAC
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Ordinary Shares, par value €0.001 per share
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10,000,000 shares
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998,630 shares
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B Ordinary Shares, par value €0.001 per share
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100,000 shares
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56,775 shares
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Amryt Research Limited
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Ordinary Shares, par value €1.00 per share
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1,000,000 shares
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100 shares
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Amryt Genetics Limited
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Ordinary Shares, par value €1.00 per share
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1,000,000 shares
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100 shares
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Amryt Lipidology Limited
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Ordinary Shares, par value €1.00 per share
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1,000,000 shares
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100 shares
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Amryt AG (previously Birken AG)
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Ordinary Shares, no par value
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21,205,250 shares
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21,205,250 shares
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(b) Each shareholder of the Amryt Entities and of the Aegerion Entities has one vote in respect of each share held by it.
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Certificate of Incorporation of Aegerion Pharmaceuticals, Inc. (incorporated by reference to Exhibit 3.1 of the Form 8-K filed by Aegerion Pharmaceuticals, Inc. (File No. 001-34921) on November 29, 2016.
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Certificate of Incorporation of Aegerion Pharmaceuticals Holdings, Inc.
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Articles of Organization of Aegerion Securities Corporation
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Certificate of Incorporation of Aegerion Pharmaceuticals Ltd.
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Certificate of Incorporation of Aegerion Pharmaceuticals Limited
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Certificate of Incorporation of Aegerion International Ltd.
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The Articles of Association, filed under T3.B7, contains the equivalent of both the charter and the bylaws of Aegerion Pharmaceuticals SARL
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Articles of Incorporation of Aegerion Pharmaceuticals K.K.
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Main Registration Extract from the Trade and Society Register for Aegerion Pharmaceuticals, SAS
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Certificate of Incorporation of Aegerion Pharmaceuticals (Canada) Ltd., Inc.
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Constitution of Aegerion Pharmaceuticals Spain, S.L.
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Commercial Register of Aegerion Pharmaceuticals GmbH
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Social Contract of Aegerion Brasil Comercio e Importacao de Medicamentos Ltda
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Business Register of Aegerion Pharmaceuticals S.r.l.
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Certificate of Incorporation of a Private Limited Company of Amryt Pharma Holdings Limited, a company registered in England and Wales
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Certificate of Incorporation of a Public Limited Company of Amryt Pharma Limited (previously known as Elm Partners PLC), a company registered in England and Wales
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Certificate of Incorporation of Amryt Pharmaceuticals DAC, a company registered in Ireland
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Certificate of Incorporation of Amryt Research Limited, a company registered in Ireland
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Certificate of Incorporation of Amryt Genetics Limited, a company registered in Ireland
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Exhibit T3.A20
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Certificate of Incorporation of Amryt Lipidology Limited
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Certificate of Incorporation of Amryt AG
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Bylaws of Aegerion Pharmaceuticals, Inc.
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Bylaws of Aegerion Pharmaceuticals Holdings, Inc.
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Bylaws of Aegerion Securities Corporation
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Bye-laws of Aegerion Pharmaceuticals Ltd.
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Articles of Association of Aegerion Pharmaceuticals Limited
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Bye-laws of Aegerion International Ltd.
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Articles of Association of Aegerion Pharmaceuticals SARL
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Bylaws of Aegerion Pharmaceuticals K.K.
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Constitution of Aegerion Pharmaceuticals, SAS
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Notice of Articles of Aegerion Pharmaceuticals (Canada) Ltd., Inc.
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Bylaws of Aegerion Pharmaceuticals Spain, S.L.
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Articles of Association of Aegerion Pharmaceuticals GmbH
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Bylaws of Aegerion Brasil Comercio e Importacao de Medicamentos Ltda
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Bylaws of Aegerion Pharmaceuticals S.r.l.
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Articles of Association of Amryt Pharma Holdings Limited, a company registered in England and Wales
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Articles of Association of Amryt Pharma Limited, a company registered in England and Wales
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Constitution of Amryt Pharmaceuticals DAC, a company registered in Ireland
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Constitution of Amryt Research Limited, a company registered in Ireland
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Constitution of Amryt Genetics Limited, a company registered in Ireland
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Exhibit T3.B20
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Constitution of Amryt Lipidology Limited, a company registered in Ireland
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Translated Articles of Amryt AG
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Exhibit T3D.1
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Not Applicable.
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Exhibit
T3E.1
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First Amended Joint Chapter 11 Plan of Reorganization of Aegerion Pharmaceuticals, Inc., filed on July 9, 2019 (incorporated by reference to Exhibit 10.1 of the Form 8-K filed by Novelion Therapeutics Inc. (File No. 000-17082) on July
15, 2019).*
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Amended Disclosure Statement relating to the Plan of Reorganization of Aegerion Pharmaceuticals,
Inc., a Delaware corporation, filed on July 9, 2019 (incorporated by reference to Exhibit 10.2 of the Form 8-K filed by Novelion Therapeutics Inc. (File No. 000-17082) on July 15, 2019).*
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Exhibit
T3E.3
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Order Approving the Disclosure Statement, dated July 11, 2019 (incorporated by reference to Exhibit 10.3 of the Form 8-K filed by Novelion Therapeutics Inc. (File No. 000-17082) on July 15, 2019).*
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Cross-reference sheet showing the location in the Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act of 1939 (included in Exhibit T3C.1 hereto).*
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*Filed previously.
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SIGNATURES
Pursuant to the requirements of the Trust Indenture Act of 1939, the Applicants below have duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in
the city of Cambridge and State of Massachusetts, on the 7th day of August, 2019:
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AEGERION PHARMACEUTICALS HOLDINGS, INC.
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By:
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/s/ Benjamin Harshbarger
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Name:
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Benjamin Harshbarger
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Title:
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President & Secretary
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Attest:
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Name:
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Barbara Chan
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Pursuant to the requirements of the Trust Indenture Act of 1939, the Applicants below have duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in
the city of Cambridge and State of Massachusetts, on the 7th day of August, 2019:
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AEGERION PHARMACEUTICALS (CANADA) LTD., INC.
AEGERION PHARMACEUTICALS K.K.
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By:
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/s/ Carolina Alarco
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Name:
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Carolina Alarco
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Title:
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Director
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Attest:
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Name:
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Barbara Chan
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Pursuant to the requirements of the Trust Indenture Act of 1939, the Applicants below have duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in
the city of Sao Paolo and Country of Brazil, on the 7th day of August, 2019:
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AEGERION BRASIL COMERCIO E IMPORTACAO DE MEDICAMENTOS LTDA
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By:
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/s/ Luiz Azevedo
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Name:
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Luiz Azevedo
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Title:
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General Manager
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Attest:
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Name:
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Edes Balhes
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Pursuant to the requirements of the Trust Indenture Act of 1939, the Applicants below have duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in
the city of Cambridge and State of Massachusetts, on the 7th day of August, 2019:
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AEGERION PHARMACEUTICALS, INC.
AEGERION SECURITIES CORPORATION
AEGERION PHARMACEUTICALS LIMITED
AEGERION PHARMACEUTICALS LTD.
AEGERION PHARMACEUTICALS SARL
AEGERION PHARMACEUTICALS, SAS
AEGERION INTERNATIONAL LTD.
AEGERION PHARMACEUTICALS SPAIN, S.L.
AEGERION PHARMACEUTICALS GMBH
AEGERION PHARMACEUTICALS S.R.L.
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By:
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/s/ Barbara Chan
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Name:
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Barbara Chan
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Title:
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Director
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Attest:
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Name:
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Benjamin Harshbarger
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Pursuant to the requirements of the Trust Indenture Act of 1939, the Applicants below have duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, in
the city of London, United Kingdom, on the 7th day of August, 2019:
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AMRYT PHARMA LIMITED
AMRYT PHARMA HOLDINGS LIMITED
AMRYT PHARMACEUTICALS DAC
AMRYT RESEARCH LIMITED
AMRYT GENETICS LIMITED
AMRYT AG
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By:
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/s/ Rory Nealon
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Name:
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Rory Nealon
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Title:
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Director
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Attest:
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Name:
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John McEvoy
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Title:
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General Counsel
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