Itron Intends To Commence Private Offering Of $500M Of Convertible Senior Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Itron Inc. announced its intention to commence a private offering of $500 million of convertible senior notes due 2030. This move is aimed at raising capital for general corporate purposes.
June 17, 2024 | 11:04 am
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Itron Inc. is set to raise $500 million through a private offering of convertible senior notes due 2030. This capital raise is intended for general corporate purposes, which could include debt repayment, acquisitions, or other investments.
The issuance of convertible senior notes can provide Itron with significant capital, which can be used for various strategic purposes such as debt repayment, acquisitions, or other investments. This move is generally seen as positive as it provides the company with financial flexibility.
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