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Dexcom Raises Another Billion, But Why?

 
• By Barnaby Pickering

The company’s cash balance at the end of last quarter was more than enough to weather most storms – so why has Dexcom raised more money?  

Will Dexcom be spending big in the near future? • Source: Shutterstock

Continuous glucose monitor manufacturer Dexcom has announced plans to raise a total of $1.1bn via issuance of senior convertible notes at an interest rate of 0.375%.

A senior convertible note is a type of debt security that provides buyers with the option to convert their note into a predetermined number of the issuer’s shares.

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