$450M 2.75% Convertible Senior Notes due 2030
Company: Applied Digital
The claim, verbatim
The company completed a $450 million offering of 2.75% Convertible Senior Notes due 2030, with net proceeds of about $435.2 million, of which $84 million was allocated to share repurchases and the rest to general corporate purposes.
Source (primary)
applied-digital 8-K exhibit (apldq225earningsrelease.htm) (SEC EDGAR (8-K Ex), press_release)
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Quote: “Completed a $450 million offering of 2.75% Convertible Senior Notes due 2030, including $75 million from an option exercised by initial purchasers. Net proceeds were approximately $435.2 million, with $84 million allocated for share repurchases”
How we checked this
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Additional evidence
confirms applied-digital 8-K exhibit (apldq225earningsrelease.htm)
Quote: “Completed a $450 million offering of 2.75% Convertible Senior Notes due 2030, including $75 million from an option exercised by initial purchasers. Net proceeds were approximately $435.2 million, with $84 million allocated for share repurchases”