Penguin Solutions Announces Proposed Private Offering Of Convertible Notes And Refinancing To Enhance Capital Structure
PENG•Proposed convertible notes offering and refinancing
July 13 (Reuters) - Penguin Solutions Inc PENG.O:
- Penguin Solutions announces proposed private offering of convertible notes and refinancing to enhance capital structure
- Penguin Solutions - to offer $650 million in convertible senior notes due 2031
- Penguin Solutions - proceeds to fund capped calls, refinance notes, repay $100 million credit agreement
- Penguin Solutions - initial purchasers may buy up to $100 million additional notes
- Penguin Solutions - to enter exchanges of convertible notes due 2029 and 2030
