PALO ALTO, Calif.--(BUSINESS WIRE)--Anacor Pharmaceuticals, Inc. (NASDAQ:ANAC) announced today the pricing of its offering of $75,000,000 aggregate principal amount of 2.00% Convertible Senior Notes due 2021 (the “Convertible Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”). Anacor also granted the initial purchasers of the Convertible Notes a 30-day option to purchase up to an additional $7,500,000 aggregate principal amount of the Convertible Notes, solely to cover over-allotments, if any. In addition, certain funds affiliated with Venrock Associates, one of Anacor’s affiliates, have agreed to purchase $8.0 million aggregate principal amount of Convertible Senior Notes due 2021 (the “Venrock Notes”) in a concurrent private placement under the Securities Act. The Venrock Notes will be sold at the same price, and will constitute part of the same series, as the Convertible Notes. The offering of the Convertible Notes is expected to close on October 16, 2014, subject to customary closing conditions. The sale of the Venrock Notes is also expected to close on October 16, 2014, subject to the closing of the Convertible Notes offering.
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