Repligen issues $1 billion in 0.25% convertible senior notes due 2031
RGEN•Repligen issued $1 billion of 0.25% convertible senior notes due 2031 on November 6, 2026. About $541.4 million of the notes replaced 2028 notes, while cash subscriptions raised approximately $458.6 million.
1. Notes issued
The senior unsecured notes mature November 1, 2031, under an indenture with U.S. Bank Trust Company, National Association, as trustee. Approximately $541.4 million of the new notes replaced $456.8 million of Repligen’s 1.00% convertible senior notes due 2028, which were canceled.
2. Conversion terms
Cash subscriptions raised approximately $458.6 million, and approximately $143.2 million of the 2028 notes remains outstanding on unchanged terms. The initial conversion price is approximately $226.37 per share, a roughly 20% premium to the October 29 closing price.
