Exact Sciences launches $150M convertible debt offering

|By:, SA News Editor

Exact Sciences (NASDAQ:EXAS) commences a $150M public offering of 1.0% convertible senior notes due 2025. The initial conversion rate will be 13.2569 shares per $1,000 principal amount of the notes (~$75.43/share).

Net proceeds will fund working capital and general corporate purposes.

Shares are off a fraction after hours.

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