Repay Holdings Announced Pricing Of Convertible Senior Notes Offering Of $260.0M Aggregate Principal Amount, Due 2029, And Granted Initial Purchasers An Option To Buy Up To An Additional $27.5M Principal Amount For Settlement Within 13-Days
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Repay Holdings announced the pricing of a convertible senior notes offering of $260 million aggregate principal amount, due 2029. The company also granted initial purchasers an option to buy up to an additional $27.5 million principal amount for settlement within 13 days.
July 03, 2024 | 7:01 am
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Repay Holdings has announced the pricing of a $260 million convertible senior notes offering, due 2029. This move could provide the company with significant capital for growth or debt repayment, but it also introduces potential dilution for existing shareholders.
The issuance of convertible senior notes will provide Repay Holdings with substantial capital, which can be used for growth initiatives or debt repayment. However, the conversion feature may lead to dilution of existing shares, which investors should monitor.
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