Key details of the transaction
- $400 million convertible senior notes offering (3.25% coupon, 30% conversion premium)
- Offering size was increased from the previously announced offering size of $300 million aggregate principal amount of notes
- Capped call transactions entered into in connection with the notes, which are expected generally to provide a hedge upon conversions up to an initial cap price of $25.86 per share, which represents a 100% premium (as compared to the 30% conversion premium under the notes)