DexCom to repay $75 million of facility debt with convertible proceeds

By Tali Rackner

Minneapolis, May 8 – DexCom, Inc. plans to repay $75 million of borrowings under its existing credit facility using the net proceeds from a new $300 million convertible senior note offering, according to a company press release.

Proceeds will also be used for general corporate purposes and capital expenditures, including working capital needs and the buildout of its manufacturing facility in Arizona.

DexCom is a San Diego-based marketer of continuous glucose-monitoring systems.

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