Illumina to Offer $350M in Convertible Notes; Will Use $202M to Repurchase Shares
 
Illumina plans to sell $350 million in convertible senior notes to help pay for corporate expenses, the company said this week.
 
The convertible senior notes will pay interest semiannually at a rate of 0.625 percent per year and are due in 2014. Illumina also granted the initial purchasers a 30-day option to purchase up to $50 million of additional notes to cover overallotments.
 

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