Reported Earlier, Itron Prices Upsized $700M 1.375% Convertible Senior Notes Offering Due 2030
Portfolio Pulse from Benzinga Newsdesk
Itron has increased its convertible senior notes offering to $700 million from the previously announced $500 million. The offering is expected to settle on June 21, 2024, and includes an option for initial purchasers to buy an additional $105 million in notes.
June 18, 2024 | 6:15 am
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Itron has increased its convertible senior notes offering to $700 million from the previously announced $500 million. The offering is expected to settle on June 21, 2024, and includes an option for initial purchasers to buy an additional $105 million in notes.
The increase in the offering size indicates strong demand and confidence from investors. This could provide Itron with additional capital for growth or debt management, positively impacting its stock price in the short term.
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