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home / news releases / NVCR - Novocure announces $500M in convertible debt funding


NVCR - Novocure announces $500M in convertible debt funding

Novocure (NVCR) to offer $500M of convertible senior notes due 2025, via a private placement. Initial purchasers have an option to purchase up to an additional $75M notes.Net proceeds will be used to further advance the company's clinical and product development programs and to invest in associated pre-commercial and commercial activities, as well as for general corporate purposes.The interest rate, initial conversion rate, offering price and other terms of the notes are yet be determined.

For further details see:

Novocure announces $500M in convertible debt funding
Stock Information

Company Name: NovoCure Limited
Stock Symbol: NVCR
Market: NASDAQ
Website: novocure.com

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