NovaMed in $75 Million Notes Offering
June 27, 2007
Cleary Gottlieb represented Deutsche Bank Securities Inc. as underwriter in NovaMed, Inc.’s $75 million registered public offering of 1.0% convertible senior subordinated notes due 2012. The offering included full exercise of a related over-allotment option. In connection with the offering, NovaMed entered into convertible note hedge and warrant deals to reduce potential dilution stemming from conversion of the notes. The offering closed on June 27.
NovaMed is a health care services company that acquires, develops and operates ambulatory surgery centers in joint ownership with physicians throughout the United States.