Deal offers 1.5% senior unsecured notes due 2017 in multiple tranches
By Devika Patel
Knoxville, Tenn., July 31 - Amyris, Inc. raised $38.3 million in the initial tranche of a $105 million private placement of 1.5% senior unsecured convertible notes on July 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission. A second, $15 million note will be issued in September, with additional closings of $30 million in July 2013 and $21.7 million in July 2014.
The notes, which mature on March 1, 2017, are convertible into common stock at $7.0682 per share, a 107.89% premium to the July 27 closing share price of $3.40.
Amyris is a renewable chemicals and fuels company based in Emeryville, Calif.
| Issuer: | Amyris, Inc.
|
| Issue: | Senior unsecured convertible notes
|
| Amount: | $105 million
|
| Maturity: | March 1, 2017
|
| Coupon: | 1.5%
|
| Conversion price: | $7.0682
|
| Warrants: | No
|
| Pricing date: | July 30 (for $38.3 million)
|
| Stock symbol: | Nasdaq: AMRS
|
| Stock price: | $3.40 at close July 27
|
| Market capitalization: | $232.03 million
|
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