Why Barnes & Noble Education Shares Are Diving Today
Why Barnes & Noble Education Shares Are Diving Today
Barnes & Noble Education, Inc. (NYSE:BNED) shares are trading lower after it announced a short-term shareholder rights plan and a new equity investment.
Barnes & Noble Education, Inc.(纽约证券交易所代码:BNED)在宣布短期股东权益计划和新的股权投资后,股价走低。
In particular, the company inked a definitive deal with Immersion Corporation (NASDAQ:IMMR) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position.
特别是,该公司与Immersion Corporation(纳斯达克股票代码:IMMR)以及现有股东和战略合作伙伴就新的股权和再融资交易签署了最终协议,以改善长期财务状况。
After closing the transactions in June 2024, Barnes & Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion.
在2024年6月完成交易后,Barnes & Noble将通过5000万美元的股权投资和由Immersion牵头的4,500万美元全额支持的股权发行,获得9500万美元的新资本。
The deal is projected to infuse net cash proceeds after transaction costs of about $75 million.
该交易预计将在扣除约7500万美元的交易成本后注入净现金收益。
Also, the company plans to eliminate about $34 million of debt through equitization of second lien term loans, reflecting the strong support of key strategic partners.
此外,该公司计划通过对第二留置权定期贷款进行股权化来消除约3,400万美元的债务,这反映了主要战略合作伙伴的大力支持。
Barnes & Noble has received commitments to refinance its existing asset-backed loan facility, which provides access to a $325 million facility maturing in 2028.
Barnes & Noble已收到为其现有资产支持贷款机制再融资的承诺,该融资机制提供了获得将于2028年到期的3.25亿美元贷款的机会。
Apart from this, the board of directors approved adopting a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding common share.
除此之外,董事会批准通过一项短期股东权益计划,并宣布对每股已发行普通股分配一份优先股购买权的股息。
The rights will be exercisable only if a person or group acquires 10% or more of the company's common shares and each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00.
只有当个人或团体收购公司10%或以上的普通股时,这些权利才能行使,每项权利将使股东有权以5.00美元的行使价购买新系列初级参与优先股的千分之一股份。
Investors can gain exposure to the stock via IShares Microcap ETF (NYSE:IWC) and Invesco FTSE RAFI US 1500 Small Mid ETF (NASDAQ:PRFZ).
投资者可以通过iShares Microcap ETF(纽约证券交易所代码:IWC)和景顺富时RAFI美国1500小型中型ETF(纳斯达克股票代码:PRFZ)获得股票敞口。
BNED Price Action: Barnes & Noble Education shares are down 68.91% at 0.22 cents at publication Tuesday.
BNED价格走势:周二公布时,巴恩斯和诺布尔教育股价下跌68.91%,至0.22美分。
Photo: Joyseulay via Shutterstock
照片:来自 Shutterstock 的 Joyseulay