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Applied Digital | 8-K: Current report

Applied Digital | 8-K: Current report

Applied Digital | 8-K:重大事件
美股SEC公告 ·  2024/10/30 16:47

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Applied Digital announced plans to offer $300 million in convertible senior notes due 2030 through a private placement to qualified institutional buyers, with an additional $45 million option granted to initial purchasers. The company will use proceeds to fund capped call transactions and repurchase common stock up to one-third of the notes' principal amount.The convertible notes will be senior unsecured obligations maturing on June 1, 2030, with semi-annual interest payments beginning June 1, 2025. The notes will be convertible into cash, common stock, or a combination thereof at the company's election, with conversion conditions applying before March 1, 2030.In connection with the offering, Applied Digital will enter into prepaid forward stock purchase and capped call transactions to manage potential dilution and facilitate hedging by note investors. The company also amended its existing Prepaid Advance Agreement with YA II PN, LTD, removing certain redemption restrictions and plans to repay the remaining $6.9 million balance.
Applied Digital announced plans to offer $300 million in convertible senior notes due 2030 through a private placement to qualified institutional buyers, with an additional $45 million option granted to initial purchasers. The company will use proceeds to fund capped call transactions and repurchase common stock up to one-third of the notes' principal amount.The convertible notes will be senior unsecured obligations maturing on June 1, 2030, with semi-annual interest payments beginning June 1, 2025. The notes will be convertible into cash, common stock, or a combination thereof at the company's election, with conversion conditions applying before March 1, 2030.In connection with the offering, Applied Digital will enter into prepaid forward stock purchase and capped call transactions to manage potential dilution and facilitate hedging by note investors. The company also amended its existing Prepaid Advance Agreement with YA II PN, LTD, removing certain redemption restrictions and plans to repay the remaining $6.9 million balance.
Applied Digital宣布计划通过定向增发向合格机构投资者提供30000万美元的可转换高级票据,初始购买者还获得4500万美元的额外选择权。公司将利用这些收益进行限制性看涨交易并回购最多三分之一票据本金的普通股。可转换票据将是无担保的高级义务,定于2030年6月1日到期,利息支付将从2025年6月1日开始,每年支付两次。票据将可以根据公司的选择转换为现金、普通股或两者的组合,转换条件适用在2030年3月1日之前。与此次发行相关,Applied Digital将进行预付前向股票购买和限制性看涨交易,以管理潜在稀释并促进票据投资者的对冲。该公司还修改了与YA II PN, LTD的现有预付高级协议,取消某些赎回限制,并计划偿还剩余的690万美元余额。
Applied Digital宣布计划通过定向增发向合格机构投资者提供30000万美元的可转换高级票据,初始购买者还获得4500万美元的额外选择权。公司将利用这些收益进行限制性看涨交易并回购最多三分之一票据本金的普通股。可转换票据将是无担保的高级义务,定于2030年6月1日到期,利息支付将从2025年6月1日开始,每年支付两次。票据将可以根据公司的选择转换为现金、普通股或两者的组合,转换条件适用在2030年3月1日之前。与此次发行相关,Applied Digital将进行预付前向股票购买和限制性看涨交易,以管理潜在稀释并促进票据投资者的对冲。该公司还修改了与YA II PN, LTD的现有预付高级协议,取消某些赎回限制,并计划偿还剩余的690万美元余额。
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