Financial Wire

Revolution Medicines Plans Common Stock, Senior Notes Offerings

-- Revolution Medicines (RVMD) said late Monday it plans to offer $750 million of common stock and $250 million aggregate principal amount of convertible senior notes due 2033 in separate public offerings, subject to market and other conditions.

The company expects to grant the underwriters a 30-day option to buy up to an additional $112.5 million of common stock and up to an additional $37.5 million principal amount of notes to cover over-allotments.

Revolution Medicines said it plans to use net proceeds from both offerings for general corporate purposes.

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Revolution Medicines Plans Common Stock, Senior Notes Offerings | Financial Wire