Cryoport issues $402.5M 0.75% convertible notes due 2026, repurchases $100.7M 2025 notes

Cryoport, Inc.

Issued $402.5M principal of 0.75% Convertible Senior Notes due 2026; includes $52.5M from full exercise of initial purchasers' option.
Initial conversion rate 8.5038 shares per $1,000 principal (conversion price $117.59 per share).
Registered direct placement of 3,072,038 shares at $81.10 per share.
Agreed to repurchase ~$100.7M principal of existing 3.00% 2025 notes for ~$351.1M cash.
Notes redeemable at company's option on/after Dec 6, 2024 if stock price exceeds 130% of conversion price.

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