ARTICLE | Financial News

Sepracor seeking $500M note deal

September 16, 2004 7:00 AM UTC

SEPR proposed to raise $500 million through the sale of senior convertible subordinated notes. The deal has a $100 million overallotment. The notes will convert into cash and, under certain conditions, stock. When it closes the deal, SEPR plans to use up to $100 million of the proceeds to repurchase stock. ...