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Amyris intends to price $50 million of 3.5-year convertibles
By Rebecca Melvin
New York, Oct. 14 – Amyris Inc. plans to price $50 million of 3.5-year convertible senior notes on Thursday, according to a company news release.
Stifel Nicolaus Weisel is the bookrunner.
Previously, the offering was reported with a five-year tenor.
Proceeds of the notes, which mature April 15, 2019, will be used for general corporate purposes, which may include development of the company’s sales and marketing infrastructure as well as for other strategic transactions and acquisitions and to repurchase certain of the company’s existing 6.5% convertible senior notes due 2019. That deal for $75 million priced in May 2014, and those bonds, which were at about 60 in the secondary market, mature May 2019.
Emeryville, Calif.-based Amyris is a maker of renewable chemicals and fuels.
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