- Harmonic (NASDAQ:HLIT) is down 4.2% postmarket after proposing a private offering of $105M in convertible debt.
- The proposed offering is for convertible senior unsecured notes due 2024.
- Initial purchasers will get a 13-day option to buy up to an additional $10.5M worth of the notes.
- They'll be convertible into cash or a combination of cash and stock at Harmonic's election.
- Net proceeds would go to repurchasing part of the company's outstanding 4% convertible senior notes due 2020.
Harmonic -4.2% on $105M convertible debt offering
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Symbol | Last Price | % Chg |
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HLIT | - | - |
Harmonic Inc. |