ImClone Systems Incorporated (NASDAQ:IMCL) announced today the pricing of $500 million of Convertible Senior Notes due 2024. The notes will bear interest at 1.375 percent per annum payable semi-annually. The initial purchasers of the notes have a 30-day option to purchase up to an additional $100 million of the notes on the same terms. The offering is expected to close on May 7, 2004.
