- Quidel (NASDAQ:QDEL) sets the terms for its $150M aggregate principal amount convertible debt offering. The convertible senior notes will pay 3.25% interest per year. The conversion rate will be 31.1891 shares of common stock for each $1000 principal amount of notes, representing an initial conversion price of $32.06. The notes will be convertible at any time prior to the close of business the day before September 15, 2020 under certain circumstances.
- Underwriters over-allotment is an additional $22.5M in convertible senior notes.
- Previously: Quidel off on convertible debt offering