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Quidel Issues $172.5M of Senior Convertible Notes

NEW YORK(GenomeWeb) – Quidel said today in a regulatory document that it is issuing $172.5 million of its senior convertible notes. 

The issuance of the 3.25 percent senior notes due in 2020 is part of a deal between Quidel and the Bank of New York Mellon Trust. The notes will be senior unsecured obligations of Quidel, it said in a document filed with the US Securities and Exchange Commission. 

Quidel announced the public offering of $150 million in convertible senior notes last week. Net proceeds will go toward working capital and other general corporate purposes, which may include acquisitions of products, technologies, or businesses, and share repurchases.