Celcuity Inc. Announces Pricing of Upsized Public Offering of 0.250% Convertible Senior Notes Due 2032
Celcuity priced an upsized $500 million offering of 0.250% convertible senior notes due 2032, increasing the size from the previously announced $400 million. The notes carry a 40% conversion premium to the June 3 closing price, setting an initial conversion price of approximately $124.53 per share.
Key figures
- Deal Value Usd
- 500000000
- Coupon rate
- 0.250%
- Maturity date
- August 1, 2032
- Conversion rate
- 8.0302 shares per $1,000
- Conversion price
- 124.53
- Net proceeds base
- 484300000
- Conversion premium
- 40.0%
- Over allotment option
- 75000000
- Net proceeds with over allotment
- 557000000
AI analysis
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