PureCycle Announces Proposed Concurrent Public Offerings of Convertible Senior Notes and Common Stock
PureCycle announced proposed concurrent underwritten public offerings of $250.0 million in convertible senior notes due 2032 and $145.0 million of common stock. The company intends to use net proceeds to repurchase a portion of its outstanding 7.25% green convertible notes due 2030 and for working capital.
Key figures
- Notes principal
- $250.0 million
- Notes option amount
- $37.5 million
- Stock option amount
- $18.75 million
- Common stock proceeds
- $145.0 million
- Notes being repurchased rate
- 7.25%
- Notes being repurchased maturity
- 2030
AI analysis
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