WILMINGTON, Del.--(BUSINESS WIRE)--Incyte Corporation (Nasdaq:INCY) today announced that it intends to offer, subject to market and other conditions, up to $250 million aggregate principal amount of Convertible Senior Notes due 2015 in a private placement to qualified institutional buyers pursuant to exemptions from the registration requirements of the Securities Act of 1933. The notes will bear interest, and will be convertible, in certain circumstances, into shares of Incyte’s common stock, at a rate and price to be determined. Incyte expects to grant the initial purchasers an option to purchase up to an additional $37.5 million aggregate principal amount of the notes.
