Cryoport prices $350M 0.75% convertible notes due 2026 and $248.6M equity placement

Cryoport, Inc.

Upsized $350M aggregate principal of 0.75% convertible notes due Dec 2026; initial purchasers' option for additional $52.5M.
Initial conversion price ~$117.59 per share, a 45.0% premium over $81.10 closing price on Nov 9, 2021.
Registered direct placement of 3,072,038 shares at $81.10 with net proceeds ~$248.6M.
Net proceeds from both offerings used to repurchase ~$100.7M principal of outstanding 3.00% convertible notes due 2025.
Settlement expected Nov 12, 2021; equity placement contingent on note closing.

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