Telix announces A$600 million convertible bonds offering

24 July 2024

Australian radiopharma developer Telix Pharmaceuticals Limited (ASX: TLX) has launched an offering of A$600 million ($405 million) of convertible notes due 2029, which are convertible into fully paid ordinary shares in Telix.

Managing director and group chief executive Dr Christian Behrenbruch said: "Telix's strong commercial performance and cash-generative business have enabled us to successfully execute on an organic and inorganic growth strategy, including funding the development of our clinical pipeline. The announced Offering will provide additional financial flexibility to execute on our strategic priorities and capitalise on future opportunities in the rapidly growing radiopharmaceuticals market."

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