Amyris prepares for debt placement

|By:, SA News Editor

Amyris (AMRS) is set to offer a private placement of $75M in Convertible Senior Notes due May 15, 2019. The company also intends to offer the buyer an option to purchase up to an additional $15M. The notes will be unsecured senior obligations paying semi-annual interest. The interest rate, offering price and other terms will be negotiated with the buyer. Proceeds to be used for general corporate purposes.