Conceptus, Inc. Announces Private Exchange of Convertible Senior Notes Due 2027 for Convertible Senior Notes Due 2031

MOUNTAIN VIEW, Calif., Dec. 20, 2011 (GLOBE NEWSWIRE) -- Conceptus, Inc. (Nasdaq:CPTS), announced today that the Company has entered into separate, privately-negotiated exchange agreements with certain holders of the Company's outstanding 2.25% Convertible Senior Notes due 2027 ("Existing Notes") to exchange $50.04 million of its $86.25 million aggregate principal amount of the Existing Notes outstanding for $50.04 million aggregate principal amount of new 5.00% Convertible Senior Notes due 2031 ("New Notes").
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