Medivation raises $225M in note deal

Medivation Inc. (NASDAQ:MDVN) raised $225 million in a bumped-up offering of 2.625% senior convertible notes due April 1, 2017. The notes initially convert at $102.47 per share, which is a 40% premium to Medivation's close of $72.99 on Monday, before the company proposed to raise $175 million in a note offering. Citigroup is the sole book-running manager. Credit Suisse; Jefferies; William Blair; and Leerink are co-managers. ...