UPDATE: InterMune Announces Proposed Concurrent Public Offerings, 4M Shares of Common Stock and $100M Convertible Debt Senior Notes
InterMune, Inc. (Nasdaq: ITMN) today announced that it plans to offer, subject to market and other conditions, 4,000,000 shares of its common stock and $100 million aggregate principal amount of convertible senior notes due 2018 in concurrent underwritten public offerings. The company expects to grant the underwriters 30-day options to purchase up to an additional 600,000 shares of common stock and up to an additional $15 million aggregate principal amount of convertible senior notes in connection with the offerings. All of the shares of common stock and the convertible senior notes in the offerings will be sold by InterMune. The shares of common stock and the convertible senior notes will be issued pursuant to separate prospectus supplements filed as part of an automatic shelf registration statement filed with the Securities and Exchange Commission (SEC) on Form S-3.
Goldman, Sachs & Co. and J. P. Morgan Securities LLC are acting as joint book-running managers of these proposed offerings. The common stock offering and the convertible senior note offering are being conducted as separate public offerings by means of separate prospectus supplements, and neither of these offerings is contingent upon the consummation of the other.
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