Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Innoviva, Inc. > News item |
Innoviva commences $175 million offering of eight-year convertibles
By Stephanie N. Rotondo
Seattle, July 31 – Innoviva Inc. plans to price a $175 million Rule 144A offering of convertible senior notes due 2025, the company said in a press release on Monday.
There is a $17.5 million over-allotment option.
The transaction is being done as part of the company’s plan to refinance its 0% fixed-rate term notes due 2029. Proceeds from the convertibles offering will be used to redeem a portion of the issue on Aug. 15.
The company may also use the funds to purchase common stock via privately negotiated transactions.
Innoviva is a Brisbane, Calif.-based biopharmaceutical company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.