Pharma Watch: Jazz Prices Common Share Offering
May 12, 2010 (FinancialWire) — Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ ) said it has priced a public offering of seven million shares of its common stock at $8.35 per share. Barclays Capital Inc. (NYSE: BCS) is the sole bookrunning manager.
All of the shares in the offering are to be sold by Jazz Pharmaceuticals. The offering is scheduled to settle and close on May 14.
Jazz Pharmaceuticals said it plans to use all of the net proceeds from the offering to repay a portion of its outstanding senior secured notes.
California-based Jazz Pharmaceuticals is a specialty pharmaceutical company focused on identifying, developing and commercializing products to meet unmet medical needs in neurology and psychiatry.
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