Seeking Alpha

Solazyme (SZYM) closes on its $125M private offering of 6% Convertible Senior Subordinated Notes...

Solazyme (SZYM) closes on its $125M private offering of 6% Convertible Senior Subordinated Notes maturing in 2018, including $10M worth that was purchased by book-runner Goldman Sachs to cover over-allotments. SZYM received about $119.4M in net proceeds, and plans to use proceeds to to fund project-related costs as well as for capital expenditures and general purposes.
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