REPAY Announces Launch Of Convertible Notes Offering Of $260M Aggregate Principal Amount Of Its Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Repay Holdings Corporation (NASDAQ:RPAY) announced the launch of a $260 million convertible senior notes offering due 2029, with an option for initial purchasers to buy an additional $27.5 million within 13 days of issuance.
July 02, 2024 | 8:36 pm
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Repay Holdings Corporation announced a $260 million convertible senior notes offering due 2029, with an option for an additional $27.5 million. This move could impact the company's stock price in the short term.
The issuance of convertible notes can have mixed impacts. It may be seen as a positive move for raising capital, but it could also be viewed negatively due to potential dilution of existing shares. The market's reaction will depend on investor sentiment towards the company's growth prospects and use of the raised funds.
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