Convertible

Supermicro Announces Pricing of Private Offering of $1.5 Billion of Convertible Senior Notes Due 2029

Retrieved on: 
Friday, February 23, 2024
Semiconductor, IOT (Internet of Things), Hardware, Technology, Software, Cloud, Total, AI, Note, Growth, Sale, Exercise, Observation, Convertible, Security (finance)

Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).

Key Points: 
  • Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).
  • The Convertible Notes will be senior, unsecured obligations of the Company.
  • The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete.
  • The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the Convertible Notes, the number of shares of the Company’s common stock underlying the Convertible Notes.

Lyft Announces Pricing of Offering of $400 million of Convertible Senior Notes

Retrieved on: 
Friday, February 23, 2024
Apps, Applications, Technology, Transport, Other Technology, Internet, Public Transport, Other Transport, Person, Note, Sale, Exercise, Debt-to-GDP ratio, Risk, Observation, Convertible, Interest, LYFT, Public expenditure, Security (finance)

Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
  • The notes will be senior, unsecured obligations of Lyft.
  • No sinking fund is provided for the notes, which means that Lyft is not required to redeem or retire the notes periodically.
  • In connection with the pricing of the notes, Lyft entered into privately negotiated capped call transactions with certain financial institutions (the “option counterparties”).

Supermicro Announces Proposed Offering of $1.5 Billion of Convertible Senior Notes Due 2029

Retrieved on: 
Wednesday, February 21, 2024
Technology, Hardware, Semiconductor, Cloud, Total, AI, Note, Growth, Sale, Exercise, Observation, Convertible, Security (finance)

Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced that it intends to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).

Key Points: 
  • Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced that it intends to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”).
  • The Convertible Notes will be senior, unsecured obligations of the Company and will accrue interest payable semi-annually in arrears.
  • The Convertible Notes will mature on March 1, 2029, unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date.
  • The initial conversion rate, interest rate and other terms of the Convertible Notes will be determined at the time of pricing in negotiations with the initial purchasers of the Convertible Notes.

Lyft Announces Private Offering of $400 million of Convertible Senior Notes

Retrieved on: 
Wednesday, February 21, 2024
Apps, Applications, Technology, Transport, Other Technology, Public Transport, Other Transport, Person, Note, Sale, Exercise, Debt-to-GDP ratio, Risk, Observation, Convertible, LYFT, Public expenditure, Security (finance)

Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
  • Lyft also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date Lyft first issues the notes, up to an additional $60 million aggregate principal amount of the notes, solely to cover over-allotments.
  • The notes will be senior, unsecured obligations of Lyft, and interest will be payable semi-annually in arrears.
  • The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.

Global Payments Announces Pricing of Offering of $1.75 Billion of Convertible Senior Notes due 2031

Retrieved on: 
Wednesday, February 21, 2024
Software, Technology, Payments, Person, Note, Global Payments, Sale, Exercise, Observation, Convertible, GPN, Security (finance)

Global Payments Inc. (NYSE: GPN) today announced the pricing of its previously announced offering of $1.75 billion in aggregate principal amount of its 1.50% convertible senior notes due 2031 (the “Convertible Notes”).

Key Points: 
  • Global Payments Inc. (NYSE: GPN) today announced the pricing of its previously announced offering of $1.75 billion in aggregate principal amount of its 1.50% convertible senior notes due 2031 (the “Convertible Notes”).
  • The Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the Convertible Notes are issued, up to an additional $250 million aggregate principal amount of Convertible Notes.
  • The Convertible Notes will mature on March 1, 2031, unless earlier repurchased, redeemed or converted.
  • These repurchases may have increased, or prevented a decrease in, the market price of the Company’s common stock or the Convertible Notes concurrently with the pricing of the Convertible Notes, and may have resulted in a higher effective conversion price for the Convertible Notes.

Global Payments Announces Proposed Offering of $1.75 Billion of Convertible Senior Notes due 2031

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Payments, Technology, Finance, Software, Banking, Person, Note, Global Payments, Sale, Exercise, Observation, Convertible, GPN, Security (finance)

Global Payments Inc. (NYSE: GPN) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion in aggregate principal amount of its convertible senior notes due 2031 (the “Convertible Notes”).

Key Points: 
  • Global Payments Inc. (NYSE: GPN) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion in aggregate principal amount of its convertible senior notes due 2031 (the “Convertible Notes”).
  • The Convertible Notes will be senior unsecured obligations of the Company and will accrue interest payable semi-annually in arrears.
  • These repurchases could increase, or prevent a decrease in, the market price of the Company’s common stock or the Convertible Notes concurrently with the pricing of the Convertible Notes, and could result in a higher effective conversion price for the Convertible Notes.
  • This activity could also cause or avoid an increase or decrease in the market price of the Company’s common stock or the Convertible Notes, which could affect holders’ ability to convert the Convertible Notes and, to the extent the activity occurs following any conversion of the Convertible Notes or during any observation period related to a conversion of the Convertible Notes, it could affect the amount and value of the consideration that holders of the Convertible Notes will receive upon conversion of such Convertible Notes.

Dutch Bros Releases Special Drinks to Celebrate St. Patrick's Day

Retrieved on: 
Friday, March 8, 2024
Dutch Bros. Coffee, Espresso, Convertible, Saint Patrick's Day, Gold

Have a heel clicking good time with Dutch Bros' new limited time St. Patrick's Day drinks, the Shamrock Kicker and Lucky Rebel!

Key Points: 
  • Have a heel clicking good time with Dutch Bros' new limited time St. Patrick's Day drinks, the Shamrock Kicker and Lucky Rebel!
  • Add some extra luck to your day and try the Shamrock Kicker and Lucky Rebel through March 17, or while supplies last.
  • Our two limited time drinks are an ideal way to celebrate the holiday," said Tana Davila, chief marketing officer at Dutch Bros.  "We know how much our customers enjoy new, fun toppings so adding dazzling gold sprinks was a no-brainer!"
  • Add some extra luck to your day and try the Shamrock Kicker and Lucky Rebel through March 17, or while supplies last.

Grand Touring Automobiles celebrates 50 years of excellence at Canadian International AutoShow

Retrieved on: 
Thursday, February 15, 2024
Aston, Spectre, International, Land Rover, Carrera, Canadian International, Rolls-Royce, Car, Mulliner, Growth, Aston Martin, Hennessey Performance Engineering, Bugatti Chiron, Metro Toronto Convention Centre, Bugatti Rimac, Leptotes marina, Convertible, Coupe, History, Automobili Pininfarina, Bugatti, V12, Rimac Nevera, W16, Taste, Lotus, Porsche, Pininfarina Battista, Land, Bentley Continental GT, Rail transport

TORONTO, Feb. 15, 2024 /CNW/ - Grand Touring Automobiles celebrates 50 years of automotive excellence at this year's Canadian International AutoShow with a curated selection of super luxury vehicles on display, including the Rimac Nevera hypercar, which is already being touted as the car of the show.

Key Points: 
  • TORONTO, Feb. 15, 2024 /CNW/ - Grand Touring Automobiles celebrates 50 years of automotive excellence at this year's Canadian International AutoShow with a curated selection of super luxury vehicles on display, including the Rimac Nevera hypercar, which is already being touted as the car of the show.
  • Grand Touring Automobiles, Canada's premier retailer of luxury automobiles, celebrates its 50-year anniversary.
  • "This year marks 50 years of passion, innovation, and an unwavering commitment to delivering exceptional driving experiences for Grand Touring Automobiles," said Cummings.
  • Italian coachbuilder Zagato specializes in producing unique, one-of-a-kind vehicles and they are available in Canada exclusively through Grand Touring Automobiles.

T2 Biosystems Announces Agreement with CRG for the Conversion of $15 Million of CRG Term Loan into Equity

Retrieved on: 
Thursday, February 15, 2024
Preferred stock, FDA, Term, CRG, Convertible, Security (finance)

LEXINGTON, Mass., Feb. 15, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced the entrance into a definitive agreement to convert $15 million of its term loan with entities affiliated with CRG Servicing LLC (“CRG”) into T2 Biosystems equity upon stockholder approval.

Key Points: 
  • LEXINGTON, Mass., Feb. 15, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced the entrance into a definitive agreement to convert $15 million of its term loan with entities affiliated with CRG Servicing LLC (“CRG”) into T2 Biosystems equity upon stockholder approval.
  • On February 15, 2024, T2 Biosystems entered into a Securities Purchase Agreement with CRG to facilitate the debt conversion.
  • CRG agreed to waive prepayment premiums and back-end fees associated with such principal amounts of loans exchanged for equity.
  • In October 2023, the CRG Term Loan Agreement was amended to extend the interest-only period and maturity date from December 30, 2024 to December 31, 2025 and to permanently reduce the minimum liquidity covenant from $5 million to $500,000.

NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations

Retrieved on: 
Thursday, February 15, 2024
Automotive, Other Energy, Mining, Minerals, General Automotive, Energy, Natural Resources, EVS, NMG, General Motors, Regulation, Investment, Exercise, Panasonic, Indian stock exchange, Minority, EV, GM, TYO, Convertible, Tranche, Interview, Exchange, Communication, TSX Venture Exchange, Multimedia, FID, Acquisition, NOU, BMO Capital Markets, EDGAR, Security (finance)

View the full release here: https://www.businesswire.com/news/home/20240214714914/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240214714914/en/
    Map of NMG’s integrated extraction and advanced manufacturing routes to supply Panasonic Energy and GM.
  • I am confident that such commercial and investment levers will constitute the bedrock on which NMG can build its Phase 2 operations and more.
  • Thanks to visionary customers and investors, we are now moving toward establishing a fully local and traceable value chain.
  • The Investor Rights Agreement also provides Mitsui with certain rights relating to its investment in NMG, namely certain board nomination and anti-dilution rights.