Regeneron Pharmaceuticals Inc (REGN)

[surf1944]

4:08PM Regeneron Pharms announces that it intends to offer, $400 million aggregate principal amount of convertible senior notes due 2016 in a private placement (REGN) 64.63 +0.68 : Co announces it intends to offer, subject to market and other conditions, $400 mlnaggregate principal amount of convertible senior notes due 2016 in a private placement. The co also intends to grant to the initial purchaser a 13-day option to purchase up to an additional $60 mln aggregate principal amount of notes on the same terms and conditions. The co intends to use a portion of the proceeds of the offering, together with the proceeds from the warrant transactions, to fund the cost of the convertible note hedge transactions in connection with the offering. The co intends to use the remaining net proceeds for general corporate purposes.