Repay Holdings shares are trading lower after the company announced the launch of a convertible notes offering of $260 million aggregate principal amount of its convertible senior notes due 2029.
Portfolio Pulse from Benzinga Newsdesk
Repay Holdings shares are trading lower following the announcement of a $260 million convertible notes offering due 2029.
July 02, 2024 | 8:36 pm
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Repay Holdings shares are trading lower after the company announced a $260 million convertible notes offering due 2029.
The announcement of a convertible notes offering often leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may be concerned about the potential dilution and the company's need to raise capital.
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