Qiagen (QGEN) has released an update.
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Qiagen N.V. has announced a private placement of senior, unsecured convertible bonds totaling $450 million, aimed at institutional investors outside the US, with a maturity date set for 2031. The bonds, with a semi-annual coupon rate between 2.125% and 2.625%, are convertible into approximately 6.9 million ordinary shares, representing about 3.1% of Qiagen’s current share capital. The company plans to use the proceeds for general corporate purposes, including refinancing existing debt, with a settlement date expected on September 10, 2024.
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