Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: BMcV who wrote (3208)	6/4/1999 10:14:00 AM
From: Don Miller	Read Replies (1) of 10280

S-3 application just arrived- corporate-ir.net An abstract "On December 15, 1998, Sepracor Inc. issued and sold $300,000,000 principal amount of 7% Convertible Subordinated Debentures due 2005 in a private offering. This prospectus relates to the resale of the debentures and the shares of common stock into which the debentures are convertible. All securities offered by this prospectus are offered by selling securityholders. The principal terms of the debentures include the following: <TABLE> <S> <C> - Interest:.............................. accrues from December 10, 1998 at the rate of 7% per year, payable semi-annually on each June 15 and December 15, beginning June 15, 1999 - Maturity Date:......................... December 15, 2005, unless earlier redeemed - Conversion Rate:....................... $124.875 in principal amount per share of common stock, subject to adjustment - Subordination.......................... effectively subordinated to all Indebtedness and liabilities of Sepracor; no restriction on incurrence of additional Indebtedness - Redemption............................. redeemable at certain times and under certain circumstances by Sepracor or the holders"

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