Brief: Qiagen Launches Non-Us Offering Of Net Share Settled Convertible Bonds

Qiagen NV

03/09/2024 07:02

Sept 3 (Reuters) - QIAGEN NV  QIA.DE :
    * LAUNCHES NON-US OFFERING OF NET SHARE SETTLED CONVERTIBLE
BONDS
    * COMPANY INTENDS TO ISSUE BONDS IN MINIMUM DENOMINATIONS OF
USD
200,000 EACH, IN AN AGGREGATE VOLUME OF USD 450 MILLION
    * HAVE RESOLVED TODAY TO ISSUE SENIOR, UNSECURED NET SHARE
SETTLED
CONVERTIBLE BONDS, WHICH MAY BE CONVERTED IN PART INTO ORDINARY
SHARES OF COMPANY ("SHARES"), DUE 2031 ( " BONDS").
    * NUMBER OF SHARES UNDERLYING BONDS WILL BE APPROXIMATELY
6.9
MILLION, REPRESENTING APPROXIMATELY 3.1% OF COMPANY'S CURRENT
ISSUED AND OUTSTANDING SHARE CAPITAL
    * INITIAL CONVERSION PRICE IS EXPECTED TO BE SET AT A 42.5%
TO
47.5% PREMIUM OVER REFERENCE SHARE PRICE
    * FINAL TERMS OF BONDS WILL BE EXPECTED TO BE DETERMINED
LATER
TODAY, SEPTEMBER 3, 2024
    * INTENDS TO USE NET PROCEEDS FROM ISSUANCE OF BONDS FOR
GENERAL
CORPORATE PURPOSES, INCLUDING REFINANCING OF EXISTING
INDEBTEDNESS

Source text for Eikon:  ID:nEQ6rZsB0a 
Further company coverage:  QIA.DE 

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