Cryoport announces $300M convertible notes offering and common stock placement; proceeds to repurchase 2025 notes

Cryoport, Inc.

Announces $300M convertible senior notes due 2026; initial purchasers have option for additional $45M.
Also proposes registered direct placement of common stock; completion contingent on note offering.
Net proceeds to repurchase a portion of outstanding 3.00% Convertible Senior Notes due 2025 and for general corporate purposes.
Notes will be senior unsecured obligations, maturity Dec 1, 2026, settle conversions in cash/stock at Cryoport's election.
Notes redeemable after Dec 6, 2024 if stock price exceeds 130% of conversion price and liquidity conditions met.

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