BERKELEY, Calif.--(BUSINESS WIRE)--Dec. 19, 2005--XOMA Ltd. (Nasdaq:XOMA) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed exchange offer involving holders of its currently outstanding 6.50% convertible senior notes due 2012. In the proposed exchange offer, XOMA would offer up to $60,000,000 aggregate principal amount of its new 6.50% Convertible SNAPs(SM) due 2012 for up to all of the $60,000,000 aggregate principal amount of its currently outstanding 6.50% Convertible Senior Notes due 2012. In addition, the Company also filed a registration statement in connection with its offer to the public of an additional $10,000,000 of the new Convertible SNAPs(SM) for cash.
