Brief: Bioventus Cancels Proposed $415 Million Offering Of Senior Notes, Reaffirms Full-Year 2022 Financial Guidance

Bioventus

03/05/2022 23:24

May 3 (Reuters) - Bioventus Inc  BVS.O :
    * BIOVENTUS CANCELS PROPOSED $415 MILLION OFFERING OF SENIOR
NOTES; REAFFIRMS FULL-YEAR 2022 FINANCIAL GUIDANCE
    * SEES FY SALES $545 MILLION TO $565 MILLION
    * BELIEVES THAT CURRENT MARKET CONDITIONS ARE NOT CONDUCIVE
FOR AN
OFFERING ON TERMS THAT WOULD BE IN BEST INTERESTS OF ITS
STAKEHOLDERS
    * BIOVENTUS - EXPLORING ALTERNATIVE FINANCING OPTIONS TO
FINANCE
UPFRONT CONSIDERATION OF ITS PREVIOUSLY ANNOUNCED CALL OPTION TO
ACQUIRE CARTIHEAL LTD

Source text for Eikon:  ID:nGNX83J65 
Further company coverage:  BVS.O 

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