WhiteFiber closes upsized USD 310 million convertible senior notes offering
WYFI•WYFI•WYFI•WYFI•USD 118.5 million of the net proceeds funded cash consideration for note exchange transactions tied to its 4.500% Convertible Senior Notes due 2031.
WhiteFiber exchanged USD 198.15 million of the 2031 notes for about USD 118.5 million in cash, including interest, plus 6,300,000 ordinary shares.
The remaining 2031 notes outstanding were reduced to about USD 31.85 million.
WhiteFiber closed an upsized private placement of USD 310 million of 5.00% Convertible Senior Notes due 2032.
Net proceeds totaled about USD 298.5 million.
