NantHealth ( NH ) said Thursday that it plans to offer $100 million aggregate principal amount of convertible senior notes due 2021 in a private placement to eligible purchasers.
The initial purchasers have been granted a 13-day option to purchase up to $15 million additional principal amount of notes.
Entities affiliated with the company's Chairman and CEO Patrick Soon-Shiong have also expressed interest to purchase up to $20 million principal amount of notes in a separate private placement.
The company intends to use the net proceeds for general corporate purposes.
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