Sepracor extends greenshoe exercise deadline

New York, Oct. 18 - Sepracor said it has extended the deadline for bookrunner Morgan Stanley & Co. Inc. to exercise the $100 million over-allotment option on its recent offering of $500 million 0% convertible senior subordinated notes due 2024 to Nov. 29.

The greenshoe was originally scheduled to end 30 days after the Sept. 17 pricing date.

The convertibles were sold at par to yield 0% with a 30% initial conversion premium.

Sepracor is a Marlborough, Mass.-based drugmaker.

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