Pacira BioSciences Reveals Pricing Of $250.0M Aggregate Principal Amount Of 2.125% Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Pacira BioSciences announced the pricing of $250 million aggregate principal amount of 2.125% convertible senior notes due 2029. This financial move could impact the company's stock in the short term due to the potential dilution of shares and the interest payment obligations.
May 10, 2024 | 11:12 am
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The issuance of $250 million in convertible senior notes by Pacira BioSciences at 2.125% due 2029 may lead to short-term stock volatility due to potential share dilution and the financial obligations of interest payments.
Convertible notes can lead to dilution of existing shares when converted into stock, potentially lowering the stock price. Additionally, the obligation to make interest payments could impact the company's financials, influencing investor sentiment negatively in the short term.
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