Sarepta Therapeutics Inc. undefined said Wednesday it has priced $980 million of convertible senior unsecured notes that mature in September of 2027. The...
Sarepta Therapeutics Inc. said Wednesday it has priced $980 million of convertible senior unsecured notes that mature in September of 2027. The company will reduce the potential dilution of issuing new shares by entering capped call transactions with one or more dealers. Proceeds will be used to cover the cost of those transactions, as well as to repurchase convertible notes due in 2024, terminate a credit agreement, and fund general corporate purposes.
said Wednesday it has priced $980 million of convertible senior unsecured notes that mature in September of 2027. The company will reduce the potential dilution of issuing new shares by entering capped call transactions with one or more dealers. Proceeds will be used to cover the cost of those transactions, as well as to repurchase convertible notes due in 2024, terminate a credit agreement, and fund general corporate purposes. The notes will bear cash interest at a rate of 1.
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