BridgeBio Pharma Prices $500 Million Convertible Senior Notes Offering-March 2024-www.financetom.com

BridgeBio Pharma Prices $500 Million Convertible Senior Notes Offering

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BridgeBio Pharma Prices $500 Million Convertible Senior Notes Offering

Feb 26, 2025 3:12 AM

05:52 AM EST, 02/26/2025 (MT Newswires) -- BridgeBio Pharma ( BBIO ) said Wednesday it priced $500 million of 1.75% convertible senior notes due March 1, 2031 in a private offering, for about $489.5 million in expected net proceeds.

The company granted the initial purchasers an option to buy up to an additional $75 million of notes.

BridgeBio said it expects the offering to close Friday and plans to use a portion of the net proceeds to repay all outstanding borrowings under and terminate its January 2024 financing agreement, among other things.

The company's shares were down 5.2% in recent premarket activity.

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