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surf1944

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surf1944

Re: surf1944 post# 107

Tuesday, 07/10/2012 9:28:30 AM

Tuesday, July 10, 2012 9:28:30 AM

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8:01AM Nektar Therapeutics announces private placement of $125 mln of senior secured notes due in 2017 (NKTR) 8.34 : Co announced the private placement of $125 million of 12.0% Senior Secured Notes Due in 2017 in an offering exempt from the registration requirements of the Securities Act of 1933. Nektar intends to use the net proceeds from the offering of the Senior Secured Notes towards the repayment of its Convertible Subordinated Notes due September 28, 2012. The sale of the Senior Secured Notes is expected to close on July 11, 2012, subject to customary closing conditions.

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