Exact Sciences launches $150M convertible debt offering

Jun. 07, 2018 4:07 PM ETExact Sciences Corporation (EXAS)By: Douglas W. House, 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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