Exchange of 4.500% Convertible Senior Notes Due 2031
Company: WhiteFiber
The claim, verbatim
Concurrently with the convertible notes offering, the Company entered into privately negotiated transactions to exchange $198.15 million principal amount of its 4.500% Convertible Senior Notes due 2031 for approximately $118.5 million in cash (including accrued interest) and approximately 6.3 million ordinary shares.
Source (primary)
WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - PR Newswire (-, news_article)
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Quote: “the Company entered into privately negotiated transactions with certain holders of its 4.500% Convertible Senior Notes due 2031 (the "existing notes") to exchange $198.15 million in aggregate principal amount of the existing notes on terms negotiated with each holder (each, a "note exchange transaction"), for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares.”
How we checked this
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Additional evidence
confirms WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - PR Newswire
Quote: “the Company entered into privately negotiated transactions with certain holders of its 4.500% Convertible Senior Notes due 2031 (the "existing notes") to exchange $198.15 million in aggregate principal amount of the existing notes on terms negotiated with each holder (each, a "note exchange transaction"), for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares.”