Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: kenhott who wrote (9929)	1/31/2007 2:56:28 PM
From: Icebrg	Read Replies (1) of 10280

Yes, they said they intend to repay the debt. On February 14, 2000, Sepracor issued $400,000,000 in principal amount of 5% Convertible Subordinated Debentures due 2007 (the "5% Debentures"). The 5% Debentures have an annual interest of 5% and are convertible into Sepracor Common Stock at $92.38 per share. On March 9, 2000, Sepracor issued an additional 60,000,000 in principal amount of 5% Debentures pursuant to an option granted to the initial purchaser of the 5% Debentures. Sepracor intends to use the proceeds from the sale of the 5% Debentures for its ongoing preclinical and clinical trials, expansion of sales and marketing capabilities, funding of other research and development programs, working capital and other general corporate purposes.

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