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InterMune files $175 million debt, stock shelf
By Angela McDaniels
Seattle, Dec. 28 - InterMune, Inc. registered to sell up to $175 million of securities in an S-3 filing with the Securities and Exchange Commission on Thursday.
Covered by the shelf are debt securities, common stock, preferred stock and warrants to purchase debt securities, common stock or preferred stock. Debt securities and preferred stock may be structured as convertibles.
Proceeds will be used for general corporate purposes, which may include funding research and development, working capital, debt reduction, capital expenditures and acquisitions or investments in complementary businesses, products or technologies.
The shelf also includes a secondary offering of up to 7,357,549 shares of common stock at a total maximum offering price of $221,535,800 to be sold by current stockholder Warburg, Pincus Equity Partners LP and its affiliates.
InterMune is a Brisbane, Calif., biotechnology company developing therapies in pulmonology and hepatology.
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