Clovis prices equity and convertible debt offerings [Seeking Alpha]
Clovis Oncology, Inc. (CLVS)
Last clovis oncology, inc. earnings: 2/24 04:05 pm
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Source: Seeking Alpha
Clovis prices equity and convertible debt offeringsClovis Oncology (NASDAQ:CLVS)prices its public offerings of common stock and convertible senior notes due 2025.Stock: 1,837,898 common shares at $54.41 per share. Underwriters over-allotment is an additional 275,684 shares.Convertible notes: 1.25% yield priced at par. Initial conversion rate is 13.1278 common shares per $1,000 principal amount ($76.17/share). Underwriters over-allotment is an additional $45M of the notes.Both should close on April 19. Net proceeds will be used for general corporate purposes.Click to subscribe to real-time analytics on CLVSNow read:Your Daily Pharma Scoop: Dynavax Achieves Major Milestone, GW Pharmaceuticals GWP42006 Fails, Sangamo Signs Deal With Gilead's Kite Unit »
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