SEATTLE, Feb. 3, 2011 /PRNewswire/ — Dendreon Corporation
DNDN) today announced that the underwriter in its previously
announced public offering of 2.875% convertible senior notes due
January 15, 2016 (the “Notes”) exercised and closed on its
overallotment option in full to purchase an additional $80 million
aggregate principal amount of Notes. The sale of the Notes,
including the exercise of the overallotment option, resulted in net
proceeds to Dendreon of approximately $607.2 million after
deducting underwriting fees and estimated offering expenses that
are payable by Dendreon.
The offering of the Notes was led by J.P. Morgan Securities LLC.
The offering of the Notes is made only by means of a prospectus and
final prospectus supplement to Dendreon’s effective shelf
registration statement filed with the SEC on December 8, 2009, as
amended. Printed copies of the prospectus supplement relating
to this offering may be obtained by requesting copies from J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717 or by calling
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sales of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any jurisdiction.
This press release includes forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, that are subject to risks, uncertainties and other
factors, including the current market demand for these types of
securities, and the securities of Dendreon and the negotiations
between Dendreon and the underwriter due to changes in the price of
the Common Stock, corporate or other market conditi