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Sarepta raises $505mm through upsized convertible note offering

Executive Summary

Sarepta Therapeutics Inc. (rare neuromuscular diseases) netted $505mm through the private placement of $570mm aggregate principal amount (including full exercise of a $95mm overallotment) of seven-year 1.5% convertible senior notes to qualified institutional purchasers, including the company's CEO, who purchased $2mm worth of shares. (Sarepta upsized the deal from its original intent to offer $375mm in notes with a $75mm overallotment.)
Deal Industry
  • Biotechnology
    • Antisense, Oligonucleotides
    • Large Molecule
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Convertible Debt
    • Private Placement

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