REPLIGEN CORP (RGEN): debt financing — Repligen issues $600M of 1.00% convertible notes due 2028, exchanges ~$310M of 2024 notes

REPLIGEN CORP

Issued $600M aggregate principal of 1.00% Convertible Senior Notes due 2028, with ~$309.9M exchanged for existing 0.375% 2024 notes and ~$290.1M cash.
Initial conversion price ~$203.06 per share, representing ~30% premium over Dec 6 closing price of $156.20.
Notes mature Dec 15, 2028; redeemable at company option after Dec 18, 2026 under stock price conditions.
Up to 3,841,200 shares of common stock may be issued upon conversion (including make-whole shares).
Following transactions, ~$69.7M of the original 2024 notes remain outstanding.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

REPLIGEN CORP incurred senior notes of $600 million aggregate principal amount with Wilmington Trust, National Association at 1.00% per annum maturing December 15, 2028.

Instrument: senior notes
Principal: $600 million aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 1.00% per annum
Maturity: December 15, 2028
Event: incurrence

Exact text from the filing

On December 14, 2023, in connection with the consummation of previously announced private exchange and subscription transactions, Repligen Corporation (the “Company”) issued $600 million aggregate principal amount of its 1.00% Convertible Senior Notes due 2028 (the “New Notes”) under an Indenture, dated December 14, 2023 (the “Indenture”), between the Company and Wilmington Trust, National Association, as trustee.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REPLIGEN CORP entered into Indenture with Wilmington Trust, National Association, as trustee valued at $600 million aggregate principal amount (effective 2023-12-14).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association, as trustee
Value: $600 million aggregate principal amount
Effective: 2023-12-14

Exact text from the filing

On December 14, 2023, in connection with the consummation of previously announced private exchange and subscription transactions, Repligen Corporation (the "Company") issued $600 million aggregate principal amount of its 1.00% Convertible Senior Notes due 2028 (the "New Notes") under an Indenture, dated December 14, 2023 (the "Indenture"), between the Company and Wilmington Trust, National Association, as trustee.

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283 debt financings filed in the last 30 days. Browse all debt financings →

REPLIGEN CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-296692

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