Volcano Corp. (NSDQ:VOLC) is seeking to raise $100 million in an offering of interest-bearing securities.
The San Diego-based endovascular device maker announced its intention to offer approximately $100 million worth of convertible senior notes due Sept. 1, 2015.
The offering, of general senior unsecured notes of Volcano Corp. and will pay interest semi-annually, according to a Securities & Exchange Commission filing.
Volcano intends to use the proceeds for sales and marketing, in addition to research and development and general corporate purposes, the company disclosed in the regulatory filing. The company also said that it may also use a portion of the net proceeds to acquire or invest in complementary products, technologies or businesses.