Gorilla Technology Group Inc. Announces Pricing of $107 Million Senior Unsecured Convertible Bond Offering
Gorilla Technology Group priced a $107 million offering of 7.50% Senior Unsecured Convertible Notes due 2031. The notes carry an initial conversion price of $25.48, representing a 17% premium to the June 2 closing price of $21.78.
Key figures
- Deal Value Usd
- 107000000
- Offering Price
- 100
- Coupon rate
- 7.50%
- Prior close
- 21.78
- Maturity date
- June 5, 2031
- Conversion price
- 25.4826
- Upward reset cap
- 31.85325
- Conversion premium
- 17%
- Downward reset floor
- 6
AI analysis
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