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Insulet Corporation
Insulet Corporation Announces Pricing of $75 Million of Convertible Senior Notes
June 29th, 2008
Insulet Corporation (the "Company") (NASDAQ:PODD) announced that it has priced a private offering of $75 million in aggregate principal amount of its convertible senior notes due 2013 (the "notes") to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The Company has granted the initial purchasers an option to purchase up to an additional $10 million in aggregate principal amount of notes solely to cover over-allotments, if any. The notes will pay interest semi-annually at a rate of 5.375% per annum and mature on June 15, 2013. The notes will have an initial conversion rate of 46.8467 shares of the Company's common...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-29)
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