Advanced Energy Announces Pricing of $1 Billion 0% Convertible Senior Notes
Advanced Energy Industries, Inc. announced the pricing of a $1.0 billion private offering of 0% Convertible Senior Notes due 2031. The notes have an initial conversion price of $508.78 per share, representing a 50% premium over the closing price of $339.19 per share on May 13, 2026. Advanced Energy will use $442.4 million of the net proceeds to exchange approximately $438.3 million in aggregate principal amount of its 2028 convertible notes for cash and 1.98 million shares of common stock.
Key figures
- Deal Value Usd
- 1000000000
- Conversion Price
- 508.78
- Conversion Premium
- 50%
- Capped Call Cap Price
- 678.38
- Capped Call Cap Premium
- 100%
- Cash Paid For2028 Notes
- 442400000
- Net Proceeds From Offering
- 980800000
- Shares Issued For2028 Notes
- 1980000
- Net Proceeds From Hedge Termination
- 44600000
AI analysis
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