SUMMIT, N.J.--(BUSINESS WIRE)--
Celgene Corporation (NASDAQ:CELG) today announced its intention
to offer, subject to market and other conditions, senior unsecured notes
under a shelf registration statement on Form S-3 on file with the
Securities and Exchange Commission. The interest rate, the maturity
dates and other key terms of the offering are to be determined at the
time of pricing.
Celgene expects to use the net proceeds from the offering to finance a
portion of the acquisition of Receptos, Inc. and the remainder for
general corporate purposes, which may include, without limitation,
further development of Celgene's clinical and pre-clinical programs,
capital expenditures, general corporate development activities, meeting
working capital needs, share repurchases of Celgene's common stock and
repayment of some or all of Celgene's outstanding commercial paper.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank
Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated
are acting as joint book-running managers and representatives of the
several underwriters. A copy of the preliminary prospectus supplement
and the accompanying base prospectus, which is filed as part of
Celgene's effective shelf registration statement on Form S-3 (File No.
333-191998), may be obtained from any of the representatives by calling
J.P. Morgan Securities LLC at 212-834-4533, Citigroup Global Markets
Inc. at 1-800-831-9146, Deutsche Bank Securities Inc. at 1-800-503-4611
and Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322.
An electronic copy of the preliminary prospectus supplement and the
accompanying base prospectus may also be obtained at no charge at the
Securities and Exchange Commission's website at www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the notes described herein, nor shall
there be any sale of these notes in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the laws of such jurisdiction. The offering of
the notes will be made only by means of a prospectus supplement and the
accompanying base prospectus.
Celgene Corporation, headquartered in Summit, New Jersey, is an
integrated global biopharmaceutical company engaged primarily in the
discovery, development and commercialization of innovative therapies for
the treatment of cancer and inflammatory diseases through gene and
This press release contains forward-looking statements, which are
generally statements that are not historical facts. Forward-looking
statements can be identified by the words "expects," "anticipates,"
"believes," "intends," "estimates," "plans," "will," "outlook" and
similar expressions. Forward-looking statements are based on
management's current plans, estimates, assumptions and projections, and
speak only as of the date they are made. We undertake no obligation to
update any forward-looking statement in light of new information or
future events, except as otherwise required by law. Forward-looking
statements involve inherent risks and uncertainties, most of which are
difficult to predict and are generally beyond our control. Actual
results or outcomes may differ materially from those implied by the
forward-looking statements as a result of the impact of a number of
factors, many of which are discussed in more detail in our Annual Report
on Form 10-K and our other reports filed with the Securities and
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803005673/en/
Peter N. Kellogg, 908-673-9811
Patrick E. Flanigan III, 908-673-9969
Source: Celgene Corporation
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