Convertible Notes Offering

Healthcare
Convertible Notes Offering

Summary

Baird served as a co-manager on the offering

About

Exact Sciences Corporation (“Exact” or the “Company”) (NASDAQ: EXAS) recently completed a convertible notes offering of $747.5 million 0.375% Convertible Senior Notes due 2027, which includes $97.5 million aggregate principal amount of notes solely to cover over-allotments. Exact intends to use the net proceeds received from this offering to exchange the 2025 notes, and the remaining proceeds for general corporate and working capital purposes.

Exact is a molecular diagnostics company focused on the early detection and prevention of some of the deadliest forms of cancer. The Company has developed an accurate, non-invasive, patient-friendly screening test called Cologuard® for the early detection of colorectal cancer and pre-cancer, and are working on the development of additional tests for other types of cancer, with the goal of becoming a leader in cancer diagnostics. Exact is headquartered in Madison, Wisconsin.
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Healthcare
Convertible Notes Offering
Date
March 2019
Company
Exact Sciences Corporation
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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