Qiagen (QGEN) has released an update.
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Qiagen N.V. has set the terms for new senior unsecured convertible bonds due in 2031, with an aggregate principal amount of $500 million and an initial conversion price of $64.0129 per share, which is a 44.0% premium over the reference share price. The funds raised are intended for general corporate uses, including refinancing existing debt, and the bonds will be listed on the Frankfurt Stock Exchange’s Open Market. The company has also instituted a 90-day lock-up period during which it will not sell similar securities.
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