Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for WebMD Corp. > News item |
WebMD says greenshoe exercised, raising convertibles to $350 million
New York, July 7 - WebMD Corp. said underwriters of its recent offering of convertible subordinated notes due 2023 exercised the $50 million over-allotment option in full, raising the size of the deal to $350 million.
The Elmwood Park, N.J. provider of electronic healthcare services originally sold $400 million of the convertibles after the market closed on June 19 to yield 1.75% with an initial conversion premium of 35%.
Bank of America led the Rule 144A deal.
Proceeds will be used for general corporate purposes, which may include acquisitions, repurchases of its common stock and for working capital.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.