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Public offering nets $109.3mm for Tandem Diabetes
09 Aug 2018
Executive Summary
Tandem Diabetes Care Inc. (manufactures and sells insulin pumps and glucose monitoring devices) netted $109.3mm through the public sale of 4mm common shares (including the overallotment) at $28.50. The company will use some or all of the proceeds to repay debt under an existing term loan agreement with Capital Royalty.
Deal Industry
- Medical Devices
-
Pharmaceuticals
- Drug Delivery
-
Medical Devices
- Monitoring Equipment & Devices
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In Vitro Diagnostics
- Glucose Testing
Deal Status
- Final
Deal Type
-
Financing
- FOPO
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