Adaptive Biotechnologies Corporation Announces Proposed Convertible Senior Notes Offering
Adaptive Biotechnologies announced a proposed private offering of $250 million in convertible senior notes due 2031, with an option for an additional $37.5 million. The company intends to use proceeds to repay its OrbiMed Purchase Agreement, fund capped call transactions to mitigate dilution, and repurchase up to $25 million of its common stock. J.
Key figures
- Deal Value Usd
- 250000000
- Jwca purchase
- 10000000
- Buyback amount
- 25000000
- Capped call premium
- at least 75%
- Overallotment option
- 37500000
AI analysis
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