WhiteFiber prices upsized USD 270 million convertible senior notes offering
WYFI•Use of proceeds and closing
Net proceeds are estimated at about USD 259.8 million, rising to about USD 298.5 million if the option is fully exercised.
About USD 118.5 million is earmarked for privately negotiated exchanges of USD 198.15 million of 4.5% Convertible Senior Notes due 2031. Remaining proceeds are targeted for data center expansion, equipment purchases, working capital, acquisitions, partnerships and joint ventures.
Closing is expected on Aug. 21.
Upsized convertible notes pricing
WhiteFiber priced an upsized USD 270 million offering of 5% Convertible Senior Notes due 2032 in a Rule 144A private placement.
The deal was increased from USD 250 million, with an initial purchasers’ option for up to an additional USD 40 million.
