All articles tagged with #convertible senior notes
Originally Published 6 months ago — by Supermicro
Super Micro Computer, Inc. has successfully closed a $2.3 billion private offering of convertible senior notes due 2030, with the aim of expanding its AI infrastructure business, supporting global manufacturing, and enhancing its product line, while minimizing shareholder dilution through strategic hedging and stock repurchases.
Originally Published 7 months ago — by Business Wire
GameStop announced plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, with an option to sell an additional $250 million, to fund general corporate purposes and potential acquisitions, subject to market conditions.
Originally Published 2 years ago — by Benzinga
Nikola Corp (NASDAQ:NKLA) shares are trading lower after the company announced proposed offerings of $100 million of common stock and $200 million of green convertible senior notes due 2026. The company plans to use the net proceeds for working capital and general corporate purposes, as well as finance or make direct investments in eligible projects. This news follows Nikola's recent increase in unrestricted cash position and comes as the stock faces heavy selling pressure, down over 54% since the beginning of the year.
Originally Published 2 years ago — by PR Newswire
Nikola Corporation plans to offer $100 million of common stock and $200 million of Green Convertible Senior Notes due 2026 in separate public offerings. The underwriters may have the option to purchase additional shares or notes. The proceeds from the offerings will be used for working capital, general corporate purposes, and financing eligible green projects. The offerings are subject to market conditions and will be made in accordance with the guidelines of the Green Bond Principles.