Dendreon will seek $500 M in convertible debt financing to fund its submission of Provenge for approval in Europe and to build a manufacturing plant in Germany for the same product.
Dendreon Seeks $500M Debt Deal.
It will also use the money to continue to complete the expansion of its manufacturing footprint in the US. Any debt not retired by January 2016 would be convertible to stock by investors.
Posted by Bruce Lehr Jan 13th 2011.
And here's the follow up that details that Dendreon gets its $500+ M in convertible debt financing straight from Xconomy (Jan 14th)
http://www.xconomy.com/seattle/2011/01/14/dendreon-rakes-in-540m-to-seize-opportunity-for-provenge-in-u-s-europe/
Posted by: bigredbruce | 01/14/2011 at 04:20 PM