BridgeBio Pharma Announces $550 Million Convertible Senior Notes Offering

Reuters01-22
<a href="https://laohu8.com/S/BBIO">BridgeBio Pharma</a> Announces $550 Million Convertible Senior Notes Offering

BridgeBio Pharma Inc. has announced a proposed private offering of $550 million aggregate principal amount of convertible senior notes due 2033 to qualified institutional buyers. The company may also grant the initial purchasers an option to purchase up to an additional $82.5 million of these notes. The proceeds are intended to prefund the repayment of BridgeBio’s 2.50% convertible senior notes due 2027 and for general corporate purposes, as part of its long-term debt management strategy aimed at strengthening its balance sheet, lowering interest expense, reducing dilution, and extending debt maturity.

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