Scrip is part of the Informa Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction
Brought to you by

Array BioPharma nets $128mm from public notes offering

Executive Summary

Cancer therapeutics firm Array BioPharma Inc. netted $128mm through the public sale of $132mm aggregate amount (including the overallotment) of its 3% senior notes due 2020. The notes convert into common at a rate of 141.86 shares for every $1k principal amount purchased, or about $7.05 per share. (Array's market average was $5.87 at the time of the sale.) The financing comes just days after Array signed on new parter Oncothyreon to co-develop and co-promote in the US Array's Phase I breast cancer candidate ARRY380.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Convertible Debt
    • FOPO

Related Companies

Advertisement
UsernamePublicRestriction

Register