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Exelixis, Inc.

On June 29, 2017, Exelixis, Inc. announced that it has addressed its last major source of indebtedness by retiring the Deerfield Notes, a series of Secured Convertible Notes originally issued in July 2010 to entities associated with Deerfield Management Company, L.P. Exelixis retired the Notes by making a $123.8 million payment to the Deerfield entities. The early retirement of the Deerfield Notes one year ahead of their July 2018 maturity date provides Exelixis with a savings of approximately $ … (See Research Report)
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