Zogenix, Inc. Prices $200.0 Million Convertible Senior Notes Offering

EMERYVILLE, Calif., Sept. 23, 2020 (GLOBE NEWSWIRE) — Zogenix, Inc. (Nasdaq: ZGNX) today announced the pricing of its offering of $200,000,000 aggregate principal amount of 2.75% convertible senior notes due 2027 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on September 28, 2020, subject to customary closing conditions. Zogenix also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $30,000,000 principal amount of notes.

The notes will be senior, unsecured obligations of Zogenix and will accrue interest at a rate of 2.75% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, beginning on

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Omnicell, Inc. Prices $500 Million 0.25% Convertible Senior Notes Offering (up 37.5% Conversion Premium)

Omnicell, Inc. (NASDAQ: OMCL), a leading provider of medication management solutions and adherence tools for healthcare systems and pharmacies, announced today the pricing of $500 million aggregate principal amount of 0.25% Convertible Senior Notes due 2025 (the “notes”) in a private placement (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key elements of the transaction include:

  • $500 million 0.25% Convertible Senior Notes Offering (up 37.5% Conversion Premium)

  • Convertible note hedge transactions and warrant transactions entered into in connection with the 0.25% Convertible Senior Notes due 2025 with a strike price for the warrant transactions initially equal $141.56 per share, which represents a 100% premium to the closing sale price of Omnicell’s common stock on September 22, 2020

  • Repurchase of approximately $53.0 million of common stock

Omnicell has also granted the initial purchasers of the notes an option

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Car insurance prices could be about to get a lot cheaper for UK drivers

Anybody who owns a car will know that insurance can be seriously costly – especially when you can’t benefit from new customer discounts.

But under new proposals by the City regulator, home and motor insurance customers should pay no more when renewing their policy than they would if they were new to their provider.

It means that for existing consumers, their renewal price would be no higher than the equivalent new-business price.

However, with firms being unable to charge renewing customers more than new customers in future under the plans, it could mean the disappearance of some ultra-cheap deals from the market.

The proposals, made by the Financial Conduct Authority (FCA), would apply through the same sales channel.

For example, if the customer bought the policy online, they would be charged the same price as a new customer buying online.

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Rental car tips: How to find the best prices during covid-19

For many Americans, embarking on road trips has been a way to keep traveling during the pandemic. And if you’re not a car owner, now may be a good time to rent one.

According to data from CheapCarRental.net, a car-rental comparison engine, road trip travel is up, but the travel industry as a whole is still hurting. As a result, rental car rates in the United States are down by between 15 and 40 percent, depending on the region.

Unlike airplane tickets that can change in price by the minute, the price of renting a car isn’t a mystery.

“Between now and Christmas, your flight might change a hundred times,” says Liana Corwin, the travel expert for Hopper, the flight and hotel booking app. “With car rentals, they’re a little bit more static.”

While renting a car isn’t complicated, there is legwork to get the best deal. Here are tips

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Car and home insurers face ban on hiking prices for existing customers at renewal

What is the regulator proposing?

The FCA says its study of the insurance market shows that a customer with typical risk who has been with their insurance provider for more than five years pays an average of £85 extra for car insurance and £108 extra for home insurance compared to a new customer. Some 10 million car and home insurance policies are held by people who have been with their provider for five years or more.

The regulator also found some firms target price increases on customers who are less likely to switch, and can use practices that make it harder to leave.

Here are the key reforms proposed by the FCA:

  • Car and home insurers would need to offer existing customers a renewal price that’s no higher than they would offer a new customer using the same sales channel. If a firm wants to increase prices for its existing
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This is exactly how much car prices have gone up

  • Car prices higher than ever, averaging over $38,000
  • Buying and operating a new car costs motorists nearly $9,300 annually
  • Longer loans and higher interest rates are a major factor
  • Experts suggest shoppers should consider buying “nearly new” models

It takes just a quick visit to your local dealership – or an even quicker search online – to realize that today’s new car prices are higher than ever. That’s even after adjusting for inflation.

There are all sorts of reasons why vehicle ownership costs are surging, including gas, insurance, and service and maintenance. Compounding the situation, buyers are adding more content to their vehicles. They then try to offset the higher purchase price by stretching loans to record lengths.

Related:5 important facts about car insurance no one ever tells you

Transaction prices continue to climb

New vehicle prices are reaching record levels. The valuation analysts at Kelley Blue Book today

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Huge Labor Day EV lease ($140/mo) deals and discounts: Prices less than gas

Labor Day weekend is arguably the best time to buy a new car. Closing a deal any earlier may mean missing out on deep year-end discounts, but waiting too long often could result in missed opportunity as depleting inventory of old stock limits selection and availability. Our weekly updated survey of the best EV leases and best New EV discounts will help any shoppers out there hoping to score a great deal on a new electric vehicle. Even if one of the highlighted dealer/deals isn’t located nearby, you can use these prices to talk a local dealer down.

Here is the best of what we’ve found:

Audi e-tron

Over the past month, there have been several dealers across Southern California with great lease offers on a 2019 Audi e-tron with an average monthly lease cost (total lease cost divided by the number of months in the lease term) that was

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Used car prices surge as consumer prices rise 0.4% in August

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor Department reported Friday.

The August increase in the consumer price index reflected some moderation following big gains of 0.6% in both June and July as the pace of energy price gains slowed.

However, there were still areas that showed bigger price increases, led by a 5.4% jump in used car prices, the biggest monthly gain since March 1969. New car prices were unchanged in August but analysts predict prices are likely to rise in coming months, reflecting supply shortages. Motor vehicle production closed completely during the spring as the pandemic shut down wide swaths of the economy.

Other big gains were seen in household furnishings, which jumped 0.9%, the largest monthly increase since February 1991. Prices of furniture, bedding and appliances all showed big gains.

Still,

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Consumer prices up 0.4% in August as used car prices surge

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The Sing-A-Ma-Jigs – What Are They and Where Can You Find Them at Bargain Prices?

The Sing-A-Ma-Jigs, The Hottest 2010 Christmas Toy.

These adorable little creatures, The Sing-A-Ma-Jigs are not just for the kids, adults love them too.

It’s not very often that a toy comes along that appeals to all ages and all genders, but the Sing-A-Ma-Jigs are one that does, and they just make you laugh.

These are not one of those toys that the kids play with once and cast aside. This is a toy that will be a keeper. This is a toy that makes you laugh every time it opens its mouth.

What are The Sing-A-Ma-Jigs?

The Sing-A-Ma-Jigs were just released in May of 2010. Initially there were only 4 colors available. At this writing there are 9 colors and by Christmas 2010 there should be 12 different colors available.

They have similarities to little teddy bear style dolls. They have bright colored sort of retro style T-shirts. If you … Read More

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