Qiagen N.V. places new net share settled convertible bonds

Qiagen N.V. places new net share settled convertible bonds

Qiagen N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA), a leading provider of Sample to Insight solutions, has announced the issuance of senior, unsecured net share settled convertible bonds. The bonds, due in 2032, will be issued in a minimum denomination of USD 200,000 each, with an aggregate volume of USD 750 million. The bonds will be offered to institutional investors outside the United States, Australia, South Africa, and Japan, in reliance on Regulation S [1].

The bonds will have a maturity of 7 years, bearing interest at a rate of 1.75% to 2.25% per annum, payable semi-annually in arrear. The initial conversion price is expected to be set at a 40% to 45% premium over the reference share price, which will be equal to the volume-weighted average price of the shares on the New York Stock Exchange on August 28, 2025 [1].

The company plans to use the net proceeds from the issuance of the bonds for general corporate purposes, including the refinancing of existing indebtedness. The bonds will be admitted to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange [1].

Qiagen N.V. has engaged BNP PARIBAS, BofA Securities, and Goldman Sachs Bank Europe as Joint Global Coordinators and Joint Bookrunners, alongside Deutsche Bank Aktiengesellschaft, Jefferies, and Moelis & Company as Joint Bookrunners on the issue of the bonds [1].

References:
[1] https://corporate.qiagen.com/English/newsroom/press-releases/press-release-details/2025/QIAGEN-N-V--Launches-Non-US-Offering-of-Net-Share-Settled-Convertible-Bonds/default.aspx