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NantHealth to Raise Up $120 Mln in Notes Offering

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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