• News
  • BioTech

Orexigen to offer $100M of convertible senior notes

Orexigen Therapeutics Inc. (Nasdaq: OREX), a La Jolla-based biopharmaceutical company focused on the treatment of obesity, Monday announced that it intends to offer $100 million aggregate principal amount of convertible senior notes due 2020 in a private offering to qualified institutional buyers.

In connection with the offering of the senior notes, Orexigen expects to grant the initial purchasers a 13-day option to purchase up to an additional $15 million aggregate principal amount of such notes.

The company intends to use the net proceeds from the offering of the notes for working capital and other general corporate purposes.

User Response
0 UserComments

Orexigen Therapeutics Inc.

Company Website

3344 North Torrey Pines Ct. Ste., 200
La Jolla, CA 92037

Orexigen Therapeutics Inc. Executive(s):

Michael Narachi

  • Chief Executive Officer, President