March 27, 2018 / 12:07 PM / 4 months ago

BRIEF-Sorrento Therapeutics Announces Unsecured $120.5M Convertible Note Financing

March 27 (Reuters) - Sorrento Therapeutics Inc:

* SORRENTO THERAPEUTICS ANNOUNCES UNSECURED $120.5M CONVERTIBLE NOTE FINANCING

* SORRENTO THERAPEUTICS-NOTES WILL BE CONVERTIBLE INTO SHARES OF SORRENTO COMMON STOCK AT $7.0125 PER SHARE AND ACCRUE INTEREST AT A RATE OF 5% PER YEAR​ Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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