What changed
Repligen Corporation is offering a new series of 0.25% Convertible Senior Notes due 2031, convertible into cash up to the aggregate principal amount, with any excess settled in cash, common stock, or a combination at the company's election. The notes transactions involve exchanging existing 1.00% Convertible Senior Notes due 2028 and/or subscribing for new notes for cash, made without registration under the Securities Act to institutional accredited investors and qualified institutional buyers under Section 4(a)(2). In connection with the issuance, the company expects to repurchase shares of its common stock from certain institutional investors.
Why it matters
Repligen Corporation is offering a new series of 0.25% Convertible Senior Notes due 2031, convertible into cash up to the aggregate principal amount, with any excess settled in cash, common stock, or