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Webmd Health Corp Announces Pricing of $300 Million of 1.50% Convertible Notes Due 2020

Thursday, 21 Nov 2013 07:30am EST 

Webmd Health Corp announced the pricing of its private placement of $300 million aggregate principal amount of 1.50% Convertible Notes due 2020. WebMD has also granted the initial purchaser in the offering a 30-day option to purchase up to an additional $50 million aggregate principal amount of notes. WebMD intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include acquisitions, repurchases of WebMD common stock, and working capital. 

Company Quote

-0.36 -0.92%
4 Sep 2015