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DexCom plans to swap shares for $18 million in 4.75% convertible notes
By Devika Patel
Knoxville, Tenn., March 15 - DexCom, Inc. entered into agreements on March 12 to issue 2,389,534 common shares in exchange for $18 million of its 4.75% convertible senior notes due 2027, according to an 8-K filed Monday with the Securities and Exchange Commission.
As already reported, DexCom issued 1,215,908 common shares in exchange for $9.1 million of the notes on Jan. 28 as well as 1,298,544 shares for $9.75 million of the notes on Feb. 24. It issued 1,480,404 shares for $11.15 million in notes on March 10.
The issuer is a San Diego-based marketer of continuous glucose-monitoring systems.
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