Repligen issues $600M of 1% convertible notes due 2028, exchanges $217.7M of 2024 notes

REPLIGEN CORP

Issues $600M aggregate 1.00% Convertible Senior Notes due 2028; $309.9M exchanged for $217.7M of 0.375% notes due 2024, $290.1M for cash.
Conversion price ~$203.06 per share, representing ~30% premium over Dec 6 close of $156.20.
Net cash proceeds from subscription ~$276.2M; $14.4M to repurchase common stock from certain note purchasers.
Expects to close Dec 14; about $69.7M of 2024 notes remain outstanding.
Notes are senior unsecured, convertible into cash/stock at company's election, redeemable after Dec 2026 under conditions.

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