UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
MAY 2, 2001
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(Date of earliest event reported)
CEPHALON, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-19119 23-2484489
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(State or other jurisdiction (Commission (IRS Employer
of incorporation or organization) File Number) ID No.)
145 BRANDYWINE PARKWAY
WEST CHESTER, PENNSYLVANIA 19380
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(Address of principal executive offices) (Zip Code)
(610) 344-0200
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. OTHER EVENTS.
On May 2, 2001, Cephalon, Inc. (the "Registrant") publicly announced the private
placement of $300 million of its 5.25% Convertible Subordinated Notes due 2006.
Cephalon has granted the initial purchasers a 45-day option to purchase an
additional $100 million in aggregate principal amount of notes. The notes are
convertible into Cephalon's common stock at a conversion price of $74.00 per
share, subject to adjustment in certain circumstances. This offering, which was
made through initial purchasers to qualified institutional buyers under Rule
144A of the Securities Act of 1933, as amended (the "Securities Act"), is
expected to close on May 7, 2001.
The Registrant hereby incorporates by reference the press release attached
hereto as Exhibit 99.1, and made a part of this Item 5.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED: None
(b) PRO FORMA FINANCIAL INFORMATION: None
(c) EXHIBITS: Reference is made to the Exhibit Index annexed hereto and
made a part hereof.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CEPHALON, INC.
Date: MAY 2, 2001 By: /s/ FRANK BALDINO, JR.
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Frank Baldino, Jr.
Chairman and Chief Executive Officer
EXHIBIT INDEX
EXHIBIT PAGE
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99.1