BridgeBio Pharma Prices $500 Million Convertible Senior Notes Offering

MT Newswires Live

2025/02/26

BridgeBio Pharma (BBIO) said Wednesday it priced $500 million of 1.75% convertible senior notes due March 1, 2031 in a private offering, for about $489.5 million in expected net proceeds.

The company granted the initial purchasers an option to buy up to an additional $75 million of notes.

BridgeBio said it expects the offering to close Friday and plans to use a portion of the net proceeds to repay all outstanding borrowings under and terminate its January 2024 financing agreement, among other things.

The company's shares were down 5.2% in recent premarket activity.

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