- After initially announcing it would sell $125M worth of convertible senior notes due 2020 and 12M shares, GT Advanced (GTAT +0.9%) has decided to sell $190M worth of convertible notes and 8.65M shares. Underwriters have overallotment options for $24M worth of notes and 1.29M shares. (PR)
- The notes carry an interest rate of 3%, and a conversion price of $12.11 (up 35% from current levels). The shares are priced at $8.65 (4% below current levels).
- GT expects net proceeds of $254M, or $288M if the overallotment option is exercised in full.
From other sites
at CNBC.com (Dec 17, 2014)
at CNBC.com (Nov 6, 2014)
at CNBC.com (Nov 5, 2014)
at MarketWatch.com (Oct 23, 2014)
at MarketWatch.com (Oct 22, 2014)
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