news flash·2025-06-01 11:17Core Viewpoint - The company has successfully completed the issuance of convertible senior notes totaling $550 million, maturing in 2032, with an additional $50 million exercised by initial purchasers [1] Group 1: Financial Details - The net proceeds from the bond issuance amount to approximately $535 million, which will be used for working capital needs and refinancing existing debt [1] - The bonds carry an annual interest rate of 2.25%, with interest payments scheduled semi-annually on June 1 and December 1 starting from December 1, 2025 [1] - The bonds are classified as senior unsecured obligations of the company [1] Group 2: Future Plans - The company plans to potentially repurchase or redeem its existing convertible bonds maturing in 2029 when investors exercise their put options [1] - The bonds will mature on June 1, 2032, unless redeemed, repurchased, or converted prior to that date according to their terms [1]