0.75% convertible senior notes due 2030
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Voyager Technologies, Inc. Prices Upsized $435.0 Million Convertible Senior Notes Offering
Businesswire· 2025-11-07 05:12
Core Points - Voyager Technologies, Inc. announced the pricing of its offering of $435,000,000 aggregate principal amount of 0.75% convertible senior notes due 2030 [1] - The offering size was increased from the previously announced offering size of $300,000,000 [1] Company Summary - The notes are being offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 [1]
Ligand Announces Closing of Convertible Senior Notes Offering
Globenewswire· 2025-08-14 20:00
Core Viewpoint - Ligand Pharmaceuticals has successfully completed an offering of 0.75% convertible senior notes due 2030, raising a total of $460 million, with net proceeds of approximately $445.1 million after fees and expenses [1][2]. Group 1: Offering Details - The offering consisted of $460 million in convertible senior notes, including an additional $60 million purchased by initial purchasers [1]. - The net proceeds from the offering were approximately $445.1 million, which will be used for various corporate purposes [2]. Group 2: Use of Proceeds - Ligand allocated approximately $45.9 million of the net proceeds to cover costs associated with convertible note hedge transactions [2]. - The company repurchased 102,034 shares of its common stock for about $15.0 million at a price of $147.01 per share [2]. - Remaining net proceeds are expected to be used for general corporate purposes [2]. Group 3: Financial Instruments - Ligand entered into convertible note hedge transactions to mitigate potential dilution of its common stock upon conversion of the notes [3]. - The company also issued warrants to purchase common stock, with an initial strike price of $294.02 per share, representing a 100% premium over the last reported price [3].