Repligen announces $1 billion private convertible senior notes transaction
RGEN•Repligen plans to issue $1 billion of 0.25% convertible senior notes due 2031, including $541.4 million exchanged for 2028 notes and $458.6 million sold for cash; it will use $120 million to repurchase shares at $188.64 each.
1. Notes transaction
Repligen announced a private issuance of $1 billion of 0.25% convertible senior notes due 2031. It will issue $541.4 million of the new notes in exchange for $456.8 million of 2028 notes and $458.6 million for cash, and use $120 million to repurchase shares at $188.64 per share; remaining net proceeds are for working capital and possible acquisitions.
