Catalent today priced an underwritten public offering for 6,395,000 shares of its common stock at $39.10 apiece. The offering will be used to fund, in part, the drug-delivery company’s $950 million purchase of biologics manufacturer, Cook Pharmica.

In connection with the offering, Catalent granted underwriters a 30-day option to buy up to an additional 959,250 shares of common stock sold at the public offering price.

The offering, which Catalent expects will bring in $242.2 million, is slated to close on Sept. 29.

The company noted that the offering is not contingent upon its Cook Pharmica deal closing and that if the acquisition doesn’t close, it plans to use the offering’s net proceeds for general corporate purposes.

Cook Pharmica, a unit of privately-held medical device maker Cook Group, is a contract manufacturer that develops biologics-based drug compounds.

The acquisition, which was announced earlier this month, readies Catalent for an expansion of its biologics biz, giving it access to Cook Pharmica’s Indiana-based facility.

According to the deal, Catalent will pay $750 million when the deal closes. The rest of the payment will come in four annual installments. In its last fiscal year, Cook Pharmica reeled in $179 million in revenue, Reuters said.

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